Python Program for compound interest

Last Updated: 05-09-2020

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