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# Python Program for compound interest

In this article, we will learn about the solution and approach to solve the given problem statement.

**Problem statement** −We are given with three input values i.e principle, rate & time and we need to compute compound interest.

The code given below shows the process of computation of compound interest.

The formula used here is

Compound Interest = P(1 + R/100)r

Where,

P is the principal amount

R is the rate and

T is the time span

The implementation is given below

## Example

def compound_interest(principle, rate, time): CI = principle * (pow((1 + rate / 100), time)) print("Compound interest : ", CI) # main compound_interest(10000, 7.78, 2)

## Output

Compound interest : 11616.528400000001

All variables and functions are declared in global scope as shown in the figure below.

## Conclusion

In this article, we learned about the approach to compute compound interest.

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