SIP calculator-

Step 1: #Function to calculate SIP Maturity Value

def calculate_sip(principal, rate, time):

# Convert annual rate to a monthly rate

monthly_rate = rate / (12 * 100)

# Total number of months

months = time * 12

# SIP maturity formula

sip_maturity_value = principal * (((1 + monthly_rate) ** months - 1) / monthly_rate) * (1 + monthly_rate)

return sip_maturity_value

#SIP Maturity Value=(P×(((1+r)**n )?1)×(1+r)/r)

step 2: #Get user inputs for principal (monthly investment), rate (annual interest rate), and time (investment duration in years)

principal = float(input("Enter the monthly investment (SIP amount): "))

rate = float(input("Enter the annual interest rate (in %): "))

time = float(input("Enter the time period (in years): "))

step 3: #Calculate the SIP maturity value

maturity_value = calculate_sip(principal, rate, time)

step 4: #Display the result

print(f"The SIP maturity value after {time} years is: {maturity_value:.2f}")

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