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12 – Best Python program to find Compound Interest

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Python program to find compound interest

“Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest.” – Wikipedia

 

Amount = Principal * (1 + rate/100)time

Compound Interest = Amount – Principal

Python program to calculate compound interest

p = float(input("Enter principal amount : "))
n = float(input("Enter Number of years : "))
r = float(input("Enter Rate of interest : "))
amt = (p * (pow((1 + r / 100), n)))
ci = amt - p
print("Compound Interest : ", ci)

Output :

Enter principal amount : 200000
Enter Number of years : 5.5
Enter Rate of interest : 3
Compound Interest : 35306.93748586727

Click here to get simple interest program 

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