A person invests $10000.00 in a savings account. Assuming that all interest is l

Question

 A person invests $10000.00 in a savings account. Assuming that all interest is left 
on deposit in the account, calculate and print the amount of money in the account at 
the end of 10 years for interest rates of 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10%.
Use the following formula for determining these amounts: 
a = p ( 1 + r) ^ n
where p is the principal, r is the annual interest rate, n is the number of years, and 
a is the amount on deposit at the end of the nth year. 


Expected Output:

Rate        Amount at the end of 10th year
====           ===========================
0.01                    11046.22
0.02                    12189.94
0.03                    13439.16
0.04                    14802.44
0.05                    16288.95
0.06                    17908.48
0.07                    19671.51
0.08                    21589.25
0.09                    23673.64
0.10                    25937.42

Explanation / Answer

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