Question

3. Calculates the final amount (A). The program uses four inputs: P, n,r, and t. Hint: nt 1 = P(1+3) Where • P = principal amount (initial investment) . r= annual nominal interest rate (as a decimal) • n = number of times the interest is compounded per year . t = number of years

in python language.

Answer 1

Dear Student,

below i have written the complete Python program as per the requirement.

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Program:

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#Enter the input values
P = float(input("Enter the principal amount: "))
r = float(input("Enter the annual nominal interest rate: "))
n = int(input("Enter the number of times the interest compounded per year: "))
t = int(input("Enter number of years: "))

#Calculate the final amount
A = P * ( 1 + r/n) ** (n * t)

#Display the final amount
print("Final amount is: ", round(A, 2))

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Screen shot of the program:

#Enter the input values P = float(input("Enter the principal amount: ")) float(input("Enter the annual nominal interest rate: ")) int(input("Enter the number of times the interest compounded per year: ")) t = int(input("Enter number of years: ")) #Calculate the final amount A = P * ( 1 + r/n) ** (n * t) #Display the final amount print("Final amount is: ", round(A, 2))

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Sample Output:

nirmalsharma@ubuntu:~$ python3 Final_Amount.py Enter the principal amount: 1000 Enter the annual nominal interest rate: 0.10 Enter the number of times the interest compounded per year: 2 Enter number of years: 1 Final amount is: 1102.5 nirmalsharma@ubuntu:-$ 1

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Kindly Check and Verify Thanks..!!!