Question

Write a Python program which simulates how a bank account works.

• (1) create a global constant INTEREST_RATE as the interest rate, which is assigned value 0.01.
• (2) create a global variable balance, which is initialized to 1000.
• (3) define a function named deposit which takes no parameter, it asks user to enter the amount of money that will be deposited into this account, then updates the global variable balance (which should increase by the amount of the deposit) and prints out the updated balance.
• (4) define a function named cal_interest which takes no parameter. This function will calculate and print the amount of annual interest using the following formula:

  the amount of interest = balance * INTEREST_RATE

• (5) define the main function that calls the above two functions.

Execute the program.

Answer 1

CODE :

OUTPUT :

Raw_Code :

INTREST_RATE = 0.01 #declaring intrest rate and balance globally
balance = 1000
def deposite():
   amount = float(input("enter the amount of money :")) #taking amount as input from the user
   global balance       #global keyword that indicate that we are change the value of global variable
   balance += amount       #updating balance
   print("The Updated balance is : ",balance) #printing the balance

def cal_intrest():       #function to calculate intrest
   intrest = balance*INTREST_RATE       #calculating intrest using formula given
   print("The Intrest is : ",intrest)   #printing intrest

def main():   #main function calling two functions
   deposite()
   cal_intrest()

if __name__ == "__main__":

   main()       #callign main function

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