Introduction to Programming using Python 1st Edition

Published by Pearson
ISBN 10: 0132747189
ISBN 13: 978-0-13274-718-9

Chapter 2 - Elementary Programming - Programming Exercises - Page 60: 2.19


Enter your investment amount: 1000 Enter annual interest rate: 4.25 Enter the number of years: 1 Your future investment value is: 1043.33

Work Step by Step

The code for the required program is shown below: 1. amount=eval(input("Enter your investment amount: ")) 2. rate=eval(input("Enter annual interest rate: ")) 3. year=eval(input("Enter the number of years: ")) 4. futureInvestmentValue=amount*(1+rate)**(12*year) 5. print("Your future investment value is: ", futureInvestmentValue) The user enters his amount, rate and number of years for investment. Then, his future investment value is calculated according to the given formula, and we get the expected results.
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