Answer to Question #170265 in HTML/JavaScript Web Application for srikanth

Question

Final Value with Appreciation

Given principal amount 

principal as an input, time period in years time and appreciation percentage apprPercentage as optional inputs, write a JS function to return the final value finalValue with the given appreciation percentage and time period. The default values for time and apprPercentage are 2 and 5 respectively.

Quick Tip

The formula to calculate the final value with appreciation is,


finalValue = principal * (1 + time * appreciation / 100)

Input
The first line of input contains a number principal
The second line (optional) of input contains a number time
The third line (optional) of input contains a number apprPercentage
Output
The output should be a single line containing the finalValue
Sample Input 1
1000
2
3
Sample Output 1
1060

Sample Input 2
3000
Sample Output 2
3300.0000000000005

Answer 1

function finalValueAppreciation(principal, time = 2, appreciation = 5) {
    return principal * (1 + time * appreciation / 100)
}

console.log( finalValueAppreciation(1000, 2, 3) );
console.log( finalValueAppreciation(3000) );