# Python Program for compound interest

• Difficulty Level : Easy
• Last Updated : 06 May, 2021

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 = 133.099243```

## 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!

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