Answer:
def main():
principal = float(input("Enter the amount of principal amount to be deposited: "))
rate = float(input("Enter annual interest rate paid by the account: "))
num = int(input("Enter the number of times per year that the interest is compunded: "))
years = float(input("Enter the number of years the account will be left to earn interest: "))
amount = principal*(1+(rate*.01)/num)**(num*years)
print("The amount of money will be in the account after ", years, "years:", round(amount,2))
main()
Explanation:
- Calculating the balance of the account after a specified number of years with the help of the formula:
- amount = principal*(1+(rate*.01)/num)**(num*years)
Power law is P = I * V. With 1200 Watts of power, just divide by the 120 voltage to get 10 amperes of current.
