Python 3 Script to Calculate Compound Interest By Principal Amount,Interest and Years Time Full Tutorial For Beginners

Python 3 Script to Calculate Compound Interest By Principal Amount,Interest and Years Time Full Tutorial For Beginners

 

Welcome folks today in this post we will be calculating compound interest in python. All the full source code of the application is shown below.

 

 

Get Started

 

 

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In order to get started you need to make an app.py file and copy paste the following code

 

app.py

 

# Python Program to find Compound Interest

import math

princ_amount = float(input(" Please Enter the Principal Amount : "))
rate_of_int = float(input(" Please Enter the Rate Of Interest   : "))
time_period = float(input(" Please Enter Time period in Years   : "))

ci_future = princ_amount * (math.pow((1 + rate_of_int / 100), time_period)) 
compound_int = ci_future - princ_amount

print("Future Compound Interest for Principal Amount {0} = {1}".format(princ_amount, ci_future))
print("Compound Interest for Principal Amount {0} = {1}".format(princ_amount, compound_int))

 

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Now if you execute the python script app.py by typing the below command

 

python app.py

 

 

 

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