I have to calculate compound profit.
for example, I have $100, increasing 10% monthly, and I have to calculate the total profit for 12 months. And I need a profit of every month in an array.
I have tried this
let capital = 100; let month = 12; let profit_percentage = 10; let total_profit; for (i = 0; i <= month; i++) { total_profit = capital + (profit_percentage / 100) * 100; console.log(total_profit); }
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Answer
There seems to be a bit of missing info here, but if “profit” means the amount greater than the previous month:
Profit month over month:
const m = ((P, p) => new Array(12).fill() .reduce((a, v) => (a.push(a.at(-1) * (1 + p)), a), [P]) .map((v, i, a) => Math.round((a[i + 1] - v) * 100) / 100) .slice(0, -1) )(100, .1);
Then, total profit:
Math.round((m.reduce((a, v) => ((a += v), a), 0) * 100)) / 100