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

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# 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.

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Output:

Compound interest is 6288.946267774416

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

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Improved By : shivikapriya

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