# CodeGrade Tag Test$6$

# calculate the principal of a loan of $$500$

# after two years of compound APR of $8\%$ per year

# assign it to $\_$acc$\_$bal and display the following using string.format

# Your account balance is $xxx$.$xx

# i$.$e$.$ the actual value with $2$ digits after the decimal point

# hint: use $\{$:$\mathrm{.}2$f$\}$ instead of $\{\}$ to format the value, no need to use round$()$ any more

####### Enter your code below