Python Program for compound interest

**Compound Interest formula:**

Formula to calculate compound interest annually is given by:

A = P(1 + R/100)^{ t}

Compound Interest = A – P

Where,

A is amount

P is principle amount

R is the rate and

T is the time span

**Example:**

Input : Principle (amount): 1200 Time: 2 Rate: 5.4 Output : Compound Interest = 1333.099243

## Python3

`# Python3 program to find compound ` `# interest for given values. ` ` ` `def` `compound_interest(principle, rate, time): ` ` ` ` ` `# Calculates compound interest ` ` ` `Amount ` `=` `principle ` `*` `(` `pow` `((` `1` `+` `rate ` `/` `100` `), time)) ` ` ` `CI ` `=` `Amount ` `-` `principle ` ` ` `print` `(` `"Compound interest is"` `, CI) ` ` ` `# Driver Code ` `compound_interest(` `10000` `, ` `10.25` `, ` `5` `) ` ` ` `# This code is contributed by Abhishek Agrawal. ` |

**Output: **

Compound interest is 6288.946267774416

Please refer complete article on Program to find compound interest for more details!