Introduction to Programming with MATLAB

Assignment: MATLAB Calculation | Week-2

Assignment: MATLAB Calculation | Week-2

Coursera
Introduction to Programming with MATLAB
Week 2
MATLAB as a Calculator

 Assignment: MATLAB Calculation 

 Question:  We borrowed $1000 at a 10% annual interest rate. If we did not make a payment for two years, and assuming there is no penalty for 

non-payment, how much do we owe now? Assign the result to a variable called debt.

 Input: 

money_borrowed=1000;

interest_rate=.10;

end_loan_of_first_year=(money_borrowed*interest_rate)+money_borrowed

new_interest=end_loan_of_first_year*interest_rate


debt=end_loan_of_first_year+new_interest
Output: 
end_loan_of_first_year =

1100


new_interest =

110


debt =

1210
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