Question: python code, plz check output format and give it in same format tq Write a program to calculate the credit card balance after one y

 python code, plz check output format and give it in same

python code, plz check output format and give it in same format tq

Write a program to calculate the credit card balance after one y Time left 0:33:20 only pays the minimum monthly payment required by the credit card company each month. Use raw_input() to ask for the following three floating point numbers: 1. the outstanding balance on the credit card 2. annual interest rate 3. minimum monthly payment rate for each month, print the minimum monthly payment, remaining balance, principle paid in the format shown in the test cases below. All numbers should be rounded to the nearest penny. Finally, print the result, which should include the total amount paid that year and the remaining balance. Use the following equations. Minimum monthly payment = Minimum monthly payment rate x Balance (Minimum monthly payment gets split into interest paid and principal paid) Interest Paid = Annual interest rate / 12 months x Balance Principal paid = Minimum monthly payment - Interest paid Remaining balance = Balance - Principal paid - - Input Format Enter the outstanding balance on your credit card: 4800 Enter the annual credit card interest rate as a decimal: 2 Enter the minimum monthly payment rate as a decimal: .02 Output Format Month: 1 Minimum monthly payment: $96.0 Principle paid: $16.0 Remaining balance: $4784.0 Month: 2 Minimum monthly navmonton

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