Compound Interest Calculator

Beginner · Write the code · from Python Numbers: Integers, Floats, and Math You'll Actually Use

From the lesson: Python Numbers: Integers, Floats, and Math You'll Actually Use

You're splitting a restaurant bill with three friends. The total is $85. How much does each person owe? You grab your phone calculator, but a Python programmer just types 85 / 4 and gets the answer instantly.

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Calculate compound interest using this formula:

**A = P * (1 + r) t

Where:

P = principal (starting amount) = $1000

r = annual interest rate = 0.05 (5%)

t = number of years = 10

A = final amount

Calculate the final amount and the interest earned, then print:

Final amount: $1628.89
Interest earned: $628.89

Round both values to 2 decimal places.

principal = 1000

rate = 0.05

years = 10

# Calculate the final amount using the formula

# Calculate interest earned (final - principal)

# Print the results

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