Answer
Enter balance and interest rate (e.g, 3 for 3%): 1000,3.5
The required interest is: 2.91667
Work Step by Step
The program is shown below.
1. balance, rate=eval(input("Enter balance and interest rate (e.g, 3 for 3%): "))
2. interest=balance*rate/1200
3. print("The required interest is: ", interest)
In the above program, the user enters values for balance and rate. Then, the interest is calculated, and the result is displayed using the print() statement.
