Python Program for compound interest

Python Program for compound interest

Compound Interest formula:

  • Compound Interest = P(1 + R/100) t
  • P is principle amount
  • R is the rate
  • T is the time 

Source Code:

# interest for given values.
def compound_interest(principle, rate, time): 
        # Calculates compound interest
        CI = principle * (pow((1 + rate / 100), time))
        print("Compound interest is", CI) 
# Driver Code
compound_interest(10000, 10.25, 5)  


  

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