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 = 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!