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 = 133.099243Python3
# 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 Codecompound_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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