1. Write a python code

Question

1. Write a python code to find the profit and new balance for each year in 5 years, if the annual rate depends on the balance in you account, if your account has more than 20000 the rate is 4%, otherwise the rate is 3%.

Answer 1

principal = input(" Please input the principal :>")

interestRate = 0

if float(principal)>=20000:

interestRate = 0.04

else:

interestRate=0.03

nYears = input("Input # of years :>")

print(" YEAR PRINCIPAL INTEREST EARNED NEW PRINCIPAL")

for i in range(int(nYears)):

interestEarned = float(principal)*float(interestRate)

newPrincipal = float(principal) + float(interestEarned)

print(str(i+1)+ " " + str(principal) + " " + str(interestEarned) + " " + str(newPrincipal))

principal = newPrincipal