Breaking News: Grepper is joining You.com. Read the official announcement!

formula for compounding interest in python

Bad Baboon answered on June 14, 2020 Popularity 9/10 Helpfulness 8/10

answer formula for compounding interest in python

related compound interest python

formula for compounding interest in python

Comment

P = int(input("Enter starting principle please. "))
n = int(input("Enter number of compounding periods per year. "))
r = float(input("Enter annual interest rate. e.g. 15 for 15% "))
y = int(input("Enter the amount of years. "))

FV = P * (((1 + ((r/100.0)/n)) ** (n*y)))

print ("The final amount after", y, "years is", FV)

Popularity 9/10 Helpfulness 8/10 Language python

Source: stackoverflow.com

Tags: formula python

Link to this answer
Share Copy Link

Contributed on Jun 14 2020

Bad Baboon

0 Answers Avg Quality 2/10

Closely Related Answers

compound interest python

Comment

def compound_interest(initial_amount, rate, periods_elapsed):
    return initial_amount * (1 + (rate/100))**periods_elapsed

# Example: 100 of money, 5 %, 12 months passed
print(compound_interest(100, 5, 12)) # -> 179.5856

# The formula:
# A = P(1 + r/100)^t

Popularity 8/10 Helpfulness 4/10 Language python

Source: Grepper

Tags: python

Link to this answer
Share Copy Link

Contributed on Sep 02 2022

DarkMode

0 Answers Avg Quality 2/10

Continue with Google

By continuing, I agree that I have read and agree to Greppers's Terms of Service and Privacy Policy.

formula for compounding interest in python

Contents

More Related Answers

formula for compounding interest in python

Closely Related Answers

compound interest python

Grepper

Documentation

Social

Legal

Contact

Oops, You will need to install Grepper and log-in to perform this action.