# Author: Scott Wehrwein
# Date: 04/13/2021
# A tedious approach to calculating yearly balance in an account
# with interest that compounds yearly.

balance = 100.0
balance = balance + (0.02 * balance)
print(balance) # year 1
balance = balance + (0.02 * balance)
print(balance) # year 2
balance = balance + (0.02 * balance)
print(balance) # year 3
balance = balance + (0.02 * balance)
print(balance) # year 4
balance = balance + (0.02 * balance)
print(balance) # year 5