Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Let r be a banks interest rate in percent per year. An initial amount P will then grow to A = P(1 + r/100)n after
Let r be a banks interest rate in percent per year. An initial amount P will then grow to A = P(1 + r/100)n after n years. Write a program that computes how much money 1000 euros have grown to after three years with 5 percent interest rate, and prints the amount in the terminal.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started