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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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