# Microsoft Word - 202102_LA1_CSCI1110.docx 202102 CSCI1110 Lab Assignment 1 Requirements Write Python code to calculate simple interest. 1. Display a multi-line message " This Find Simple Interest...

Microsoft Word - 202102_LA1_CSCI1110.docx
202102 CSCI1110 Lab Assignment 1
Requirements
Write Python code to calculate simple interest.
1. Display a multi-line message
" This Find Simple Interest application will ask user to specify
the amount of a loan and a interest rate, and then calculate and
display the simple interest for the given loan at the specified
interest for 1 year."
2. Ask the user to enter the amount of loan (a float or an integer)
e.g. 1500 for \$1,500.
Assign the user’s entry to a variable.
3. Ask the user to enter the interest rate (an integer),
e.g. 10 for 10%.
Assign the user’s entry to a variable.
4. Calculate the simple interest for a year using the formula:
XXXXXXXXXXinterest = principal * rate * time
For example, 1500 * 0.10 * 1 = 150
Assign the result to a variable.
5. Display the result in a two-line sentence that includes the amount of loan,
the interest rate, and the interest for a year, as follow,
" The interest on a loan of \$1500 at 10% interest rate for 1 year
is \$150."

1. your Python source code .py file
2. the result of running your program. For example, a screenshot
Please DO NOT attach any zip file.

Total Points 100
1. Display a multi-line message 10 Correct syntax for string
and print(). For example,
quotation marks,
whitespace, lines
2. Ask the user to enter the
amount of loan (as a float or
integer)
10 Correct syntax for input()
(5 points) and assignment
(5 points)
3. Ask the user to enter the
interest rate (as an integer),
10 Correct syntax for input()
(5 points) and assignment
(5 points)
4. Calculate the simple interest for
a year using the formula
20 Correct data type (5
points each), formula (5
points), assignment (5
points)
5. Display the result in a two-line
sentence that includes the
amount of loan, and the interest
for a year
20 Correct format of
sentence in print(), e.g.
whitespace, numbers and
types, value of sep and
end parameters.
Use meaningful variable name. 10
Attached .py file 10
Attached the result of execution
of the program
10