Question

Payment Instalments

Write a program that asks the user to enter the amount of a purchase and the desired number of payment instalments. The program should add 5 percent to the amount to get the total purchase amount, and then divide it by the desired number of instalments, then display messages telling the user the total amount of the purchase and how much each instalment will cost.

Make a python code

Answer 1

The code will take the input from the user in float form for the purchase amount and installment count. The code adds 5 percent to installment amount and divides by the number of installments to get the value of each installment.

Code:

##Ask the user to enter the amount of purchase and the number of instalments##
##Store the user input in the float type variables##

amt_buy=float(input("Enter the amount of purchase:" ))
instalments=float(input("Enter the number of instalments:" ))

##Calculate the total purchase amount by adding 5% amount to total purchase##

total_purchase=(0.05*amt_buy) + amt_buy

##Calculate the instalment cost by dividing the total purchase by number of instalments##

instalment_cost= total_purchase / instalments

##Print the total purchase anount and instalment value upto 2 decimal places##

print("The total purchase amount is: %.2f"%total_purchase)
print("The instalment cost is: %.2f"%instalment_cost)

Code snapshot and output: