Data Structure
Networking
RDBMS
Operating System
Java
MS Excel
iOS
HTML
CSS
Android
Python
C Programming
C++
C#
MongoDB
MySQL
Javascript
PHP
Physics
Chemistry
Biology
Mathematics
English
Economics
Psychology
Social Studies
Fashion Studies
Legal Studies
- Selected Reading
- UPSC IAS Exams Notes
- Developer's Best Practices
- Questions and Answers
- Effective Resume Writing
- HR Interview Questions
- Computer Glossary
- Who is Who
Finding the date at which money deposited equals a specific amount in JavaScript
Problem
We have an amount of money amt > 0 and we deposit it with an interest rate of p percent divided by 360 per day on the 1st of January 2021. We want to have an amount total >= a0.
Our function should take these three parameters and return the date at which the amount will be equal to the desired amount
Example
Following is the code −
const principal = 100;
const amount = 150;
const interest = 2;
const findDate = (principal, amount, interest) => {
const startingDate = new Date('2021-01-01')
const dailyInterestRate = interest / 36000
let startingMoney = principal
let daysPassed = 0
while (startingMoney < amount) {
daysPassed++
startingMoney += startingMoney * dailyInterestRate
};
startingDate.setDate(startingDate.getDate() + daysPassed)
return startingDate.toISOString().split('T')[0]
};
console.log(findDate(principal, amount, interest));Output
2040-12-26
Updated on: 17-Apr-2021
58 Views
Advertisements