Compute and print the balance each month for a year

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Reference no: EM131406981

Suppose you deposit $50 in a bank account every month for a year. Every month, after the deposit has been made, interest at the rate of 1% is added to the balance: After 1month the balance is $50.50, and after 2months it is $101.51. Write a program to compute and print the balance each month for a year. Arrange the output to look something like this:

Reference no: EM131406981

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Compute and print the balance each month for a year : Suppose you deposit $50 in a bank account every month for a year. Every month, after the deposit has been made, interest at the rate of 1% is added to the balance: After 1month the balance is $50.50, and after 2months it is $101.51.

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