Question

An online bank wants you to create a program that shows prospective customer show their deposits...

An online bank wants you to create a program that shows prospective customer show their deposits will grow. Your program should read the initial balance and the annual interest rate. Interest is compounded monthly. Print out the balances after the first three months.

Here is a sample run: I n i t i a l b a l a n c e : 1000

Annual i n t e r e s t r a t e i n p e r c e n t : 6 . 0 .

A f t e r f i r s t month : 1 0 0 5 . 0 0 .

A f t e r s e c o n d month : 1 0 1 0 . 0 3 .

A f t e r t h i r d month: 1 0 1 5 .08.

have to run from Pycharm 2019.

Engineering   Computer-Science   
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Answer #1 
initialBalance = float(input("I n i t i a l b a l a n c e : "))
interest = float(input("Annual i n t e r e s t r a t e i n p e r c e n t : "))

initialBalance = initialBalance+initialBalance*(interest/100)
print("A f t e r f i r s t month :",initialBalance)

initialBalance = initialBalance+initialBalance*(interest/100)
print("A f t e r s e c o n d month :",initialBalance)

initialBalance = initialBalance+initialBalance*(interest/100)
print("A f t e r t h i r d month:",initialBalance)

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