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Answer:
Written in Python
import math
principal = 8000
rate = 0.025
for i in range(1, 11):
amount = principal + principal * rate
principal = amount
print("Year "+str(i)+": "+str(round(amount,2)))
Explanation:
This line imports math library
import math
This line initializes principal amount to 8000
principal = 8000
This line initializes rate to 0.025
rate = 0.025
The following is an iteration from year 1 to 10
for i in range(1, 11):
This calculates the amount at the end of the year
amount = principal + principal * rate
This calculates the amount at the beginning of the next year
principal = amount
This prints the calculated amount
print("Year "+str(i)+": "+str(round(amount,2)))
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