There are several different formulas routinely used to calculate interest. Write a program that lets the...

 

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There are several different formulas routinely used to calculate interest. Write a program that lets the user compare three different interest formulas. You will use the simple, compound, and the exponential formula for interest and display the results on screen. The formula for simple interest is: I= (p*r*t)+p == Compound is: I = P*(1+r) and Continuously Compounded Interest is: Enter value for principle: 1 = p*e* 1000 Enter value for percent rate: 0.05 Enter time for interest to be calculated over in years: 3 Simple Interest: 1150.000000 Compound Interest: 1157.625000 Continuously Compounded Interest: 1161.834243 There are several different formulas routinely used to calculate interest. Write a program that lets the user compare three different interest formulas. You will use the simple, compound, and the exponential formula for interest and display the results on screen. The formula for simple interest is: I= (p*r*t)+p == Compound is: I = P*(1+r) and Continuously Compounded Interest is: Enter value for principle: 1 = p*e* 1000 Enter value for percent rate: 0.05 Enter time for interest to be calculated over in years: 3 Simple Interest: 1150.000000 Compound Interest: 1157.625000 Continuously Compounded Interest: 1161.834243

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Here is a Python program that calculates and compares the simple compound and continuously compounde... View the full answer