Compound Interest and the Amount - Python Problem Solution

Compound Interest and the Amount

Python Problem Solution

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PROBLEM STATEMENT

When interest compounds q times per year at an annual rate of r% for n years, the principle p compounds to an amount a as per the following formula a=p(1+r/q)^nq

Write a program to read 10 sets of p,r,n & q and calculate the corresponding as.

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SOLUTION

for i in range(1,11): p=float(input("Enter Principal")) r=float(input("Enter Rate")) n=float(input("Enter Time")) q=float(input("Enter Compound Interest")) b=pow((1 + r / q), n*q) a=p*b print("The Amount is",a)

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