# 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!

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