Answer to Question #264537 in HTML/JavaScript Web Application for swsq

Question

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)

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) );