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 print("Compound interest is", Amount + principal) print("Compound interest is", Amount + principal) Amount = principal * (pow((1 + rate / 100), time)) Amount = principal * (pow((1 + rate / 100), time)) rate = 10.25 rate = 10.25 principal = 10000
The code that should be placed into a function is:
```python
def calculate_compound_interest():
principal = 10000
rate = 10.25
time = 5
Amount = principal * (pow((1 + rate / 100), time))
Total = Amount + principal
print("Compound interest is", Total)
rate = 5.25
time = 10
Amount = principal * (pow((1 + rate / 100), time))
Total = Amount + principal
print("Compound interest is", Total)
```
This function calculates and prints the compound interest for two scenarios: one with a principal of $10,000, a rate of 10.25% and a time of 5 years; and another with a principal of $10,000, a rate of 5.25% and a time of 10 years.
Which of the following correctly pairs an example with event- or sequential-driven programming?(1 point) Responses event-driven programming – a messaging application that lets users call people sequential-driven programming – an application that displays all the letters for kids to learn event-driven programming – a messaging application that lets users call people sequential-driven programming – an application that displays all the letters for kids to learn event-driven programming – a music application that allows users to create playlists sequential-driven programming – a shopping list application that users can add and remove items from event-driven programming – a music application that allows users to create playlists sequential-driven programming – a shopping list application that users can add and remove items from event-driven programming – an application that displays all the letters for kids to learn sequential-driven programming – a music application that allows users to create playlists event-driven programming – an application that displays all the letters for kids to learn sequential-driven programming – a music application that allows users to create playlists event-driven programming – a shopping list application that users can add and remove items from sequential-driven programming – a messaging application that lets users call people
event-driven programming – a messaging application that lets users call people
sequential-driven programming – an application that displays all the letters for kids to learn
The code that should be placed into a function is:
Amount = principal * (pow((1 + rate / 100), time))
print("Compound interest is", Amount + principal)
This code calculates the amount of compound interest for a given principal, rate, and time using the formula for compound interest. The calculated amount is then added to the principal amount to get the total amount. Finally, it prints the total amount of compound interest. Wrapping this code inside a function will allow you to reuse it for multiple calculations without having to repeat the code.