Question

I have been working on this python program for a hour now, and I am trying to figure out what I an doing wrong in the loop. I have attached the code and screenshot of my work. I need help to figure out how to loop the rest of the years for a calculation. The calculation has looped the same result for all years.

This is the assignment:
In 2017, the tuition for a full time student is $6,450 per semester. The tuition will be going up for the next 7 years at a rate of 3.5% per year. Write your python program using a loop that displays the projected semester tuition for the next 7 years. You should display the actual year (2018, 2019, through 2024) and the tuition amount per semester for that year.
Here is my code:
# declare global constant variables
startingTuition = 6450.00;
starting_tuitionYear = 2018;
ending_tuitionYear = 2025;
increment = 1;
rate = .035;
tuition = 0;
tuitionRate = 0;
#loop for the next 7 years
for year in range(starting_tuitionYear, ending_tuitionYear, increment):
# calculate rate per year
tuitionRate = (rate)*startingTuition;
# add rate per year to the tuition fee
tuition = startingTuition + tuitionRate;
print('Tuition for the year of ' + str(year)+ ' is ' + str(tuition));

Answer 1

The correct loop is as follows:

for year in range(starting_tuitionYear, ending_tuitionYear, increment):

tuition = startingTuition + rate * startingTuition

startingTuition = tuition

print('Tuition for the year of ' + str(year)+ ' is ' + str(tuition));

Step-by-step explanation:

Required

The correction to the attached program

Some variables are not needed; so, I've removed the redundant variables.

The main error in the program is in the loop;

After the tuition for each year has been calculated, the startTuition of the next year must be set to the current tuition

See attachment for complete program