## Python program to find Compound interest

In this example, we will learn how to find a compound interest using python.

In this program, we should know the formula and basic concepts to solve the question.

Thus the formula of compound interest is: ** P(1+R/100)*****r **

where,

p = principal amount

R= rate of interest

T= time span

**Algorithm: **

- Input the principal amount and rate of interest from the user.
- Input the time in years from the user.
- Using for loop, find the Compound Interest by simply using the above formula.
- Print the result.
- Exit

**Code:**

```
n=int(input("Enter the principle amount:"))
rate=int(input("Enter the rate:"))
years=int(input("Enter the number of years:"))
for i in range(years):
n=n+((n*rate)/100)
print(n)
```

**Output:**

```
Enter the principle amount:100
Enter the rate:2
Enter the number of years:2
104.04
```

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