Calculating compound interest. : For « Language Basics « Python

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Calculating compound interest.

principal = 1000.0   # starting principal
rate = .05           # interest rate

print "Year %21s" % "Amount on deposit"

for year in range( 1, 11 ):
   amount = principal * ( 1.0 + rate ) ** year
   print "%4d%21.2f" % ( year, amount )



           
       

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