Python Program for Compound Interest

In this video, we will learn how to find Compound interest using python. In this section, we divided this video into 4 sections to find the Compound interest.

Below is the list of things that we will cover in this section:
1. What is compound interest
2. Understand the formula of CI.
3. Optimal solution using pow()
4. Code in python using exponent (**)

The interest on a deposit that is calculated using both the initial principal and the accrued interest from prior periods is known as compound interest. The frequency of compounding determines the rate at which compound interest accrues.
CI = = [P (1 + i)n] – P.

Here we will use the inbuild method pow() to and exponent to Calculate compound Intrest. Where both are similar Python pow() function returns the power of the given numbers. This function computes x**y. This function first converts its arguments into float and then computes the power.

How to calculate Compound interest in Python: https://www.geeksforgeeks.org/python-program-for-compound-interest/