Python: Compute the amount of the debt in n months
Python Basic - 1: Exercise-36 with Solution
Write a Python program to compute the amount of the debt in n months. The borrowing amount is $100,000 and the loan adds 5% interest of the debt and rounds it to the nearest 1,000 above month by month.
Input:
An integer n (0 ≤ n ≤ 100)
Input number of months: 7
Amount of debt: $144000
Sample Solution:
Python Code:
def round_n(n):
if n%1000:
return (1+n//1000)*1000
else:
return n
def compute_debt(n):
if n==0: return 100000
return int(round_n(compute_debt(n-1)*1.05))
print("Input number of months:")
result = compute_debt(int(input()))
print("Amount of debt: ","$"+str(result).strip())
Sample Output:
Input number of months: 7 Amount of debt: $144000
Flowchart:

Python Code Editor:
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Previous: Write a Python program which solve the specified equation.
Next: Write a Python program which reads an integer n and find the number of combinations of a,b,c and d (0 ≤ a,b,c,d ≤ 9) where (a + b + c + d) will be equal to n.
What is the difficulty level of this exercise?
Test your Programming skills with w3resource's quiz.
Python: Tips of the Day
What is the difference between Python's list methods append and extend?
append: Appends object at the end.
x = [1, 2, 3] x.append([4, 5]) print (x)
Output:
[1, 2, 3, [4, 5]]
extend: Extends list by appending elements from the iterable.
x = [1, 2, 3] x.extend([4, 5]) print (x)
Output:
[1, 2, 3, 4, 5]
Ref: https://bit.ly/2AZ6ZFq
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