Program 1Objective: mathematical operators, multiple operations, output, and input Suppose(I need answer for this in python)
you have $200 you want to save each month. Also, suppose that the credit union you deposit the money with has an interest rate of 1.1%. What we want to do is calculate the balance after three months.We know that the interest rate each month is .011/12 or .00092 (rounded)After One Month 200 * (1 + .00092) = 200.18 After Two Months(200 + 200.18) * (1 + .00092) = 400.55 After Three Months(200+400.55) * (1 + .00092) = 601.10 Now write a program which will accept any monthly savings amount, any yearly interest rate and then calculates the balance after 6 months.Example Enter the monthly savings amount: 100 Enter the yearly interest rate: 5 After 6 months the account balance is 608.81