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 debt in n months. Each month, the loan adds 5% interest to the $100,000 debt and rounds to the nearest 1,000 above.

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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