Question

In python

Suppose you deposit money into a savings account and let it accumulate at 4% interest compounded annually. Write a program, using while loop, to determine when you will be a millionaire. Take the initial balance from the user. Sample Run Enter initial deposit: 123456 In 54 years you will have a million dollars.

Answer 1

//Note:- if you have any query then comment below.please upvote.use correct indentation to run the code


depostite-int (input ("Enter initial deposite: ")) count-0 while (depostite 1000000) interest-depostite*4/100 depostite-depostitetinterest count-count+1 print ("In ",count," years you will have a million dollars.")

Enter initial deposite: 123456 In 54 years you will have a million dollars.


depostite=int(input("Enter initial deposite: "))
count=0
while(depostite<1000000):
    interest=depostite*4/100
    depostite=depostite+interest
    count=count+1

print("In ",count," years you will have a million dollars.");