Python Example – Write a Python program to compute the amount of the debt in n months

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(Python Example for Citizen Data Scientist & Business Analyst)

 

Write a Python program to compute the amount of the debt in n months. The borrowing amount is $100,000 and the loan adds 5% interest of the debt and rounds it to the nearest 1,000 above month by month.

Input:
An integer n (0 ≤ n ≤ 100).

Sample Solution:

Python Code:

def round_n(n):
    if n%1000:
        return (1+n//1000)*1000
    else:
        return n
     
def compute_debt(n):
    if n==0: return 100000
    return int(round_n(compute_debt(n-1)*1.05))

print("Input number of months:")
result = compute_debt(int(input()))
print("Amount of debt: ","$"+str(result).strip())

Sample Output:

Input number of months:
 7
Amount of debt:  $144000

 

Write a Python program to compute the amount of the debt in n months

 

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