Question

Write a program that calculates and displays the amount of money you would have if you invested $1,000 at 5 percent interest for one year.

Answer 1

double money = 1000;
double interest = 0.05;
for (int i = 0; i < 12; i++) {

}

Answer 2

double money = 1000;
double interest = 0.05;
for (int i = 0; i < 12; i++) {
money *= (1 + interest);
}
return money