What best describes what happens when tom.interest = 0.04 is…

What best describes what happens when tom.interest = 0.04 is executed? class Account:    interest = 0.01    def __init__(self, holder, balance=0):        self.holder = holder        self.balance = balancesally = Account(“Sally”)tom  = Account(“Tom”, 100)tom.interest = 0.04print(Account.interest)print(tom.interest)

What is the time complexity of the following code snippet? A…

What is the time complexity of the following code snippet? Assume the length of nums is n, and it is always greater than 5 elements long. def pair_sum(nums): total = 0 for i in range(len(nums)-2): for j in range(2, len(nums)): total += nums[i] * nums[j] return total

The code below defines a BankAccount class and a SavingsAcco…

The code below defines a BankAccount class and a SavingsAccount subclass that is intended to: Inherit from BankAccount Track a balance and an interest rate Include a method apply_interest() that increases the balance by the interest rate percentage, while also calling the parent’s display_balance() method afterward Include a method is_wealthy() that returns True if the balance exceeds a given threshold However, the code contains multiple syntax and/or logical errors in both class definitions. Identify ALL errors by stating the line number, describing the problem, and the correction. Assume there are no indentation errors, and any slight difference in spacing will not affect the code. 1.  class BankAccount:2.      def __init__(self, owner, balance):3.          self.owner = owner4.          self.balance = balance5.6.      def display_balance(self):7.          print(f”{owner} has ${self.balance}”)8.9.  class SavingsAccount(BankAccount):10.     def __init__(self, owner, balance, rate):11.         super().__init__(owner)12.         self.rate = rate13.14.     def apply_interest(self):15.         self.balance = self.balance + (self.balance * rate / 100)16.         BankAccount.display_balance()17.18.     def is_wealthy(self, threshold):19.         return self.balance > threshold20.         print(“Wealth check done”)21.22. acct = SavingsAccount(“Alice”, 1000, 5)23. acct.apply_interest()24. print(acct.is_wealthy(500))