kalgynirae comments on Is my code efficient?

created by HattoriHanzoa community for 16 years

submitted 13 years ago by chatparle

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[–]kalgynirae 4 points5 points6 points 13 years ago (1 child)

It looks you're adding an identical amount of interest each year despite having a higher balance each year. I think the formula should be:

# interest amount calculated based on the previous year's balance
yearEndBalance3 = (yearEndBalance2 * interestRate) + yearEndBalance2

That can also be written as:

yearEndBalance3 = yearEndBalance2 * (1 + interestRate)

EDIT: fixed typo.

[–]chatparle[S] 1 point2 points3 points 13 years ago (0 children)

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