$1.$ interestRate.py $(20$ Points$)$

Write a program that calculates the ending balance of a $1-$year certificate of deposit for the new and existing customers. Consider that there will be $2$ rates for existing customers.

Hints:

Prompt for type of customer existing or new

Prompt for the initial investment

Write a if$/$elif statement to verify investments for existing and new customer

for existing customer the interest rate is $3\mathrm{.}25$ if the customer invested $$1000$ or more

otherwise the interest rate is $3\mathrm{.}0$

for new customer the interest rate is $3\mathrm{.}5$

Calculate the ending balance. formula: invest $*(1+$ interestRate$/100)$

Display results

Expected Output:

Enter n if customer is new, or e for existing: e

Please enter investment amount: $10000$

Interest rate$=3\mathrm{.}25\%$