Answer to Question #305821 in Python for Pyara

Question

At one college, the tuition for a full-time student is $8,000 per semester. It has been announced that the tuition will increase by 3 percent each year for the next 5 years. Write a program with a loop that displays the projected semester tuition amount for the next 5 years. 

The program should print out the result in the form

In 1 year, the tuition will be $8002.3.

In 2 years, the tuition will be $8103.2.

In 3 years, …

In 4 years, …

In 5 years, …

(If, for example, the tuition would cost 8002.3dollars in one year, etc.)

Sample Run

In 1 year, the tuition will be $8240.0.↵ 

In 2 years, the tuition will be $8487.2.↵ 

In 3 years, the tuition will be $8741.816.↵ 

In 4 years, the tuition will be $9004.07048.↵ 

In 5 years, the tuition will be $9274.192594400001.↵

Answer 1

def comp_int(t, r, p):
    for i in range(1, t + 1):
        c_int = p * (1 + r) ** i 
        print('In {} years, the tuition will be ${}'.format(i, c_int))

comp_int(5, 0.03, 8000)

In 1 years, the tuition will be $8240.0
In 2 years, the tuition will be $8487.199999999999
In 3 years, the tuition will be $8741.816
In 4 years, the tuition will be $9004.07048
In 5 years, the tuition will be $9274.192594400001