# Python Program for Compound Interest

Formula to calculate the compound interest is given below:

Where,

P is principle amount

R is the rate and

T is the time span

**Compound Interest = P(1 + R/100)**^{t}Where,

P is principle amount

R is the rate and

T is the time span

**For example:**If Principle Amount : 1500 Time: 3 years Rate: 2.5 then Compound interest is 1615.3359374999995

## Python Program for Compound Interest

```
# Python3 program to find compound interest
# for given principal, rate and time
def compound_interest(principle, rate, time):
CI = principle * (pow((1 + rate / 100), time))
print("Compound interest is", CI)
compound_interest(1500, 2.5, 3)
```

### Output:

Compound interest is 1615.3359374999995

## Comments