A group of students is arguing about which are better terms for a loan with compound interest—longer time with lower interest, or shorter time with higher interest. They decide to write a program to calculate each total so that they can compare between both the conditions: principal = 10000 rate = 10.25 time = 5 Amount = principal * (pow((1 + rate / 100), time)) Total = Amount + principal print("Compound interest is", Amount + principal) rate = 5.25 time = 10 Amount = principal * (pow((1 + rate / 100), time)) print("Compound interest is", Amount + principal) Which code should be placed into a function? (1 point) Responses Amount = principal * (pow((1 + rate / 100), time)) Amount = principal * (pow((1 + rate / 100), time)) print("Compound interest is", Amount + principal) print("Compound interest is", Amount + principal) rate = 10.25 rate = 10.25 principal = 10000
The code that should be placed into a function is:
```Python
def calculate_compound_interest(principal, rate, time):
Amount = principal * (pow((1 + rate / 100), time))
Total = Amount + principal
print("Compound interest is", Total)
```
This function takes in three parameters: principal, rate, and time. It calculates the compound interest using the given formula and prints the total amount.
You can then call this function with different values for principal, rate, and time to compare the results for different scenarios.