Question

Write a python program to calculate the compound interest

Answer 1

initialPrincipal = float(input("Please enter your initial principal:"))

interestRate = float(input("Please enter your interest rate:"))

timePeriod = float(input("Please enter your number of times interest applied per time period:"))

elapsedPeriod = float(input("Please enter your number of time period elapsed:"))

finalAmount = initialPrincipal*(1 + interestRate/timePeriod)^(timePeriod*elapsedPeriod)

print("Your final amount would be:", finalAmount)