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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Python3

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