written 2.0 years ago by
prajapatijaimin
• 3.2k
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Solution:
python program to create a plotting of years of compounding:
This python program calculates simple and compound interest where the principal amount, rate and time are given by the user.
Output:
Python program to compute the future value of a specified principal amount, rate of interest, and a number of years:
The formula for future value with compound interest is FV = P (1 + r/n)^nt.
FV = the future value;
P = the principal;
r = the annual interest rate expressed as a decimal;
n = the number of times interest is paid each year;
t = time in years.
Test Data : amt = 20000, int = 4.5, years = 10
Expected Output: 31059.39.
Input:
Output:
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