Question

Write an algorithm to settle the following question:

Answer 1

Answer:

algorithm

original = float(raw_input("Enter initial balance: "))

interest = float(raw_input("Enter promised return: "))

expenses = float(raw_input("Enter monthly expenses: "))

interest = interest / 100 / 12

month = 0

balance = original

if balance * interest - expenses >= 0:

print "You don't need to worry."

else:

while balance + balance * interest - expenses >= 0: # negation of the if condition

balance = balance + interest * balance # in one month

balance = balance - expenses

month = month + 1

print month, balance

print month / 12, "years and", month % 12, "months"