Reputation: 13
I'm working on an assignment that implements while and for loops to calculate the cost of tuition each year for the next 5 years, when the initial amount is 8000 and increases 3% each year.
My program works, but I'm getting the wrong values when I actually calculate the projected tuition.
In
-------------------
tuition = 8000
increase = 0.03
tuition_total = 0
for year in range(0, 6):
tuition += ((tuition * increase) * year)
print(tuition, '\t', year)
Out
-------------------
8000.00 0
8240.00 1
8734.40 2
9520.49 3
10662.95 4
12262.39 5
According to the assignment written by my teacher, here are what the values are supposed to be:
In 1 year, the tuition will be 8240.00.
In 2 years, the tuition will be 8487.20.
In 3 years, the tuition will be 8741.82.
In 4 years, the tuition will be 9004.07.
In 5 years, the tuition will be 9274.19.
Are my operations off? Would appreciate any suggestions for what I should change. Thanks!
Upvotes: 0
Views: 75
Reputation: 4411
You are super close. Ask yourself, why you are multiplying (tuition * increase)
by year?
The year that the tuition increase happens should be independent of the increase itself. Thus your for loop should be of the form:
for year in range(0, 6):
tuition += (tuition * increase)
print(tuition, '\t', year)
This should give you the same answers that your teacher provided as well.
Upvotes: 1