Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need some help with this Coding problem pls help using(anaconda, python) PLS help Problem #4: Banking Balance Write a program that will calculate interest on

Need some help with this Coding problem pls help using(anaconda, python) PLS help image text in transcribed
Problem #4: Banking Balance Write a program that will calculate interest on a bank deposit and add that interest to the account's balance. Assume the initial deposit is $10,000 (year 0) Your program should reflect the following pseudocode description of this logic: Repeat the following steps while the balance is less than 520,000 Add 1 to the year value Compute the interest as balance x 0.05(e, 5 percent interest), Add the interest to the balance When the loop finishes, print the final year balance and the number of years it took to reach $20.000 (assuming no withdrawal In your output.print appropriate labels (text) to make clear what the output values refer to Round the final year balance in the output to 2 decimal places In [11: The final year balance is $ 20789.28 The number of years it took to reach $20,000 is 15 years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Database Management

Authors: Jeff Hoffer, Ramesh Venkataraman, Heikki Topi

12th edition

ISBN: 133544613, 978-0133544619

More Books

Students also viewed these Databases questions

Question

What is a verb?

Answered: 1 week ago

Question

5. Wyeth Pharmaceuticals

Answered: 1 week ago