Lab 8 – Python

Answer:

Q1

##Display the output header
print(" {0} {1}".format(" Simple Interest", " Compound Interest"))
start = 1000
simple_interest = start
compound_interest = start
##Loop through years 1 to 4
for k in range(1, 5):
    ##calculate the amount after 4 years using simple interst
    simple_interest += start*.05
    ##calculate the amount after 4 years using compound interst
    compound_interest = compound_interest*1.05
    print("{0} ${1:,.2f} ${2:,.2f}".format(k, simple_interest, compound_interest))

Q2

## starting value of the car
starting_value = 20000
##Loop through years 1 up to 4
for k in range(1, 5):
    ##calculate Automobile Depreciation 15% after each year
    starting_value = starting_value*.85
    print("{0} ${1:,.2f}".format(k, starting_value))