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 8002.3 dollars 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

I have done this program in Python. Please ask me if need any modification or changes.

CODE: Python Programming Language

def main():
    # Initialize the amount with 8000
    amount = 8000.0
    # Use for loop to find the amount for each year after increasing the tution fee by 3 percent
    for i in range(1, 6):
        # increement the amount by 3 percent
        amount += amount * 0.03
        # Display the tution fee for each year
        if i is 1:
            print('In ' + str(i) + ' year, the tuition will be $' + str(amount)   + '.')
        else:
            print('In ' + str(i) + ' years, the tuition will be $' + str(amount)   + '.')
main()

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SCREENSHOT OF THE CODE:

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OUTPUT:

Thank you. Please ask me if you have any doubt.