Computers and Tablets I think
Solution:
initial = float(eval(input('Enter the monthly saving amount: ')))
x = (1 + 0.00417)
month_one = initial * x
month_two = (initial + month_one) * x
month_three = (initial + month_two) * x
month_four = (initial + month_three) * x
month_five = (initial + month_four) * x
month_six = (initial + month_five) * x
print('The sixth month value is: '+str(month_six))
Don't forget the saving amount, and initialize the balance with that amount. Inside the loop, work out and add the interest and then add the saving amount for the next month.
balance = 801
for month in range(6):
balance = balance * (1.00417)
print(balance)
Answer
Pay Day Lender
Explanation
A bank is a financial institution which is authorized by the government to accept deposits inform of cash or cheque from the public who are the customers, and it creates a credit. It saves money to for the customers and also provides security for the customers money. It also lends money to the customers as loan where they pay with interest within a given time. There are many types of banks which include credit unions, online banks,industrial, agricultural, retail banks and many others.
