Q: Write a program that prints the balance of an account after the first, second, and third year. The account has an initial balance of $1,000 and earns 5 percent interest per year.
balance = 1000
percent = 0.05
for i in range(1,4):
balance = balance+ balance*percent
print("The balacne after %d is %.2f"%(i,balance))
percent = 0.05
for i in range(1,4):
balance = balance+ balance*percent
print("The balacne after %d is %.2f"%(i,balance))
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