Learn about **Program to Calculate Compound Interest in Python** in the below code example. Also refer the comments in the code snippet to get a detailed view about what’s actually happening.

Contents

#### Program to Calculate Compound Interest in Python

```
# Python program to find compound interest
# inputs from user
principal = float(input('principal amount: '))
rate = float(input('interest rate: '))
time = float(input('time (in years): '))
number = float(input('Number of times that interest is compounded per year: '))
# conversion rate
rate = rate/100
# calculating the total amount
amount = principal * pow( 1+(rate/number), number*time)
# calculating the compound interest
ci = amount - principal
# print result
print('Compound interest = %.2f' %ci)
print('Total amount = %.2f' %amount)
```

**Output**:

principal amount: 5000 interest rate: 3 time (in years): 5 Number of times that interest is compounded per year: 3 Compound interest = 804.84 Total amount = 5804.84

Hope above code works for you and Refer the below Related Codes to gain more insights. Happy coding and come back again.

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