Question 12

What is the output of the following code? [3 marks]

balance, interest = 5000, 1.6
for _ in range(2):
    balance *= (1 + interest/100)
print(int(balance))

Solution

Variables balance and interest with values 5000 and 1.6 respectively are declared.

Count	Count < 2?	New `balance`: `balance *= (1 + interest/100)`
0	`True`	`5000 * (1 + 1.6/100) = 5080`
1	`True`	`5080 * (1 + 1.6/100) = 5161.28`
2	`False`	`5161.28` (exit loop)

At the end, the integer value of balance is printed, i.e., int(5161.28) = 5161.

Answer