Each month, Pytho puts $100 into her bank account. Initially, she has $0 in the

Question

Each month, Pytho puts $100 into her bank account. Initially, she has $0 in the account. At the end of each month, she earns 2% interest on her current balance, before the next deposit. She would like a function that can predict her balance after n months. Complete the function below so that the function returns the final balance. Keep in mind that t0 corresponds to now. In [2]: def final balance (n): #A-amount, p-principle, r-interest rate, n-number of times interest is compounded t-time (years) P 100 82 t 1 Return final_balace(P (1+r/n)**nt) Return final_balance File "", line 9 Return final_balance(P (1+r/n)* nt) SyntaxError: invalid syntax

Explanation / Answer

def final_balance(n): P = 100 r = 0.02 return P*(1+r)**n print('Final balance after 10 months is', final_balance(10))

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