Exercise $2\mathrm{.}4-$ Bank balance with compound interest

Assume that you have $$1000$ balance in your account,

prompt the user for the annual interest rate the account earns,

prompt the user for the number of years you want to project,

assume the interest is compounded monthly using this formula,

Calculate and print the projected balance and the increase percentage.

Sample output:

Enter annual interest rate, for example $8\mathrm{.}25$: $7\mathrm{.}0$

Enter number of years as an integer, for example $5$: $10$

Current balance: $$1000$

Projected balance: $$2009\mathrm{.}6613766956327$

Your balance increased by $100\mathrm{.}96613766956328\%$

Please write it with Python.