Please write an algorithm to this I do not need the actual matlab code

2.25 A plumber opens a savings account with $100,000 at the beginning of January. He then makes a deposit of $1000 at the end of each month for the next 12 months (starting at the end of January). Interest is calculated and added to his account at the end of each month (before the $1000 deposit is made). The monthly interest rate depends on the amount A in his account at the time interest is calculated, in the following way A 1 10 000: 1% 110 000 1 25 000: 2% Write a program that displays, under suitable headings, for each of the 12 months, the situation at the end of the month as follows: the number of the month, the interest rate, the amount of interest, and the new balance (Answer: Values in the last row of output should be 12, 0.02, 2534.58 130263.78.)