Following formula are used in this program to calculate simple and compound interest. Here we are going to learn how to find the compound interest in Python when principle amount rate of interest and time is given. Simple Interest Principal Amount Rate of Interest Number of years 100.
105 Simple interest value.
SI P T R 100 Step 4. The user inputs the Principle Value. Find simple interest program in Python. Rr100 interest_amount p pow1r100n nt return interest_amount Prompts user to enter the input values pfloatinputEnter the principal p rfloatinputEnter the rate of interest r nfloatinputEnter the compounded time period n tfloatinputEnter the number of years t comp_interest function is called interest_val comp_interestp r t n compound.