Problem Statement
You've deposited amount dollars into a bank account. The interest rate is annualInterest percent per year, and it is compounded monthly. This means that at the end of each month, the total balance increases by annualInterest/12 percent, and after that the balance is rounded down to the integer number of cents. Return the minimum number of months required to obtain at least profit dollars in profit.
Definition
- Class:
- DepositProfit
- Method:
- depositTerm
- Parameters:
- int, int, int
- Returns:
- int
- Method signature:
- int depositTerm(int amount, int annualInterest, int profit)
- (be sure your method is public)
Notes
- The monthly interest is calculated as (current deposit amount) * (annual interest rate in percent) / (100*12).
Constraints
- amount will be between 10 and 10000, inclusive.
- annualInterest will be between 4 and 24, inclusive.
- profit will be between 1 and amount, inclusive.
Examples
1000
12
20
Returns: 2
The monthly interest rate is 1%. At the end of the first month, the interest added is 1000*0.01 = 10, for a new total balance of 1010. At the end of the second month, the interest added is 1010*0.01 = 10.10, for a total balance of 1020.10. At this point, the profit is 20.10, which is greater than 20.10
4
10
Returns: 236
5000
24
4000
Returns: 30
1000
6
5
Returns: 1
The monthly interest rate is 0.5%. At the end of the first month, the interest added is equal to the profit wanted.8238
12
5176
Returns: 49
10
4
1
Returns: 34
At the end of the first month, the interest added is approximately 3.33 cents. At the end of the 34-th month, the interest added is approximately 3.67 cents. Both these interests are rounded down to 3 cents.