Summary  
This chapter covers how to use variables to store numeric values, perform arithmetic operations to compute new values, and print the results.  

General domain of usage  
Personal finance (e.g., expense and discount calculations)

**Variables** are named storage locations that hold data values. They make it easy to reuse and manipulate values without recalculating them repeatedly.

Definition

 To create a variable, choose a **name** and use the equals sign `=` to assign a **value** to it.  Make sure the variable name is descriptive.

# Variable called `expenses` with value `1200`
expenses = 1200

Variables can also be used to calculate and store new values based on existing ones. This makes the code more flexible and reduces the need for repetitive calculations. Using variables is really **convenient**, and you can also display their values using the `print()` **statement**.

# Monthly expenses amount in dollars
monthly_expenses = 1200

# Discount rate as a decimal (20%)
discount_rate = 0.2

# Calculated total expenses after applying the discount
total_expenses = monthly_expenses * (1 - discount_rate)
print(total_expenses)

Which statement correctly explains how variables work?

Python is an interpreted high-level general-purpose programming language. Unlike HTML, CSS, and JavaScript, which are primarily used for web development, Python is versatile and can be used in various fields, including software development, data science, and back-end development. In this course, you'll explore the core aspects of Python, and by the end, you'll be crafting your own functions!

Dive into the basics of Python, explore your workspace, and perform simple math operations. Learn how to write readable code using comments and handle both basic and advanced mathematical expressions while displaying your results.

Learn how to store and manage data in Python by working with numbers, text, and variables. Understand how to assign values, follow naming conventions, and explore different data types. Gain hands-on experience with string operations, indexing, slicing, and memory recall techniques to efficiently manipulate text in Python.

Learn how to use comparison and logical operators, work with conditional expressions, and apply membership and type comparisons. Build a strong foundation in writing programs that respond dynamically to different conditions using if/else and if/elif/else structures.

Expand your understanding of data types by learning how to group multiple attributes within a single variable. Explore lists, tuples, and dictionaries to efficiently store and manage structured data, along with essential methods for manipulation and retrieval.

Master the art of writing loops in Python—essential constructs for iterating over lists, tuples, dictionaries, and other data structures. Learn to use while and for loops effectively, explore the range function, and work with nested loops to handle complex iteration patterns.

Explore essential built-in functions in Python and take the next step by creating your own. Learn how to define functions, use conditional logic, modify existing functions, and work with lambda expressions to write efficient, reusable code.

How to Store Numbers in Python