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compound interest

Vuyolwethu Mfidi answered on April 27, 2021 Popularity 9/10 Helpfulness 2/10

answer compound interest

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compound interest

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# Python3 program to find compound
# interest for given values.
 
 
def compound_interest(principal, rate, time):
 
    # Calculates compound interest
    Amount = principal * (pow((1 + rate / 100), time))
    CI = Amount - principal
    print("Compound interest is", CI)
 
 
# Driver Code
compound_interest(10000, 10.25, 5)

Popularity 9/10 Helpfulness 2/10 Language python

Source: www.geeksforgeeks.org

Tags: python

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Contributed on Oct 24 2023

Vuyolwethu Mfidi

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compound interest formula

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A = P(1+(r/n))^(n*t)

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Tags: formula

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Contributed on Apr 27 2021

Leo Dragon 28

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compound interest formula

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# Here is the simple version
compound_interest = initial * (1 + (rate/100))**periods_elapsed

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Tags: formula

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Contributed on Sep 03 2022

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compound interest

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