Write a javascript function named calculateTradeIn than can do the following cal

Question

Write a javascript function named calculateTradeIn than can do the following calculation:

Subtract 15% depreciation of a declining balance for each year based on the difference between the model year and the current year (for example, a 2010 car traded in 2015 would be five years old.) A one year old car is worth 85% of the current trade-in value, a two year old car is worth 72.25%, etc. A simple mathematical calculation can be used to apply the depreciation percentage to the current trade-in value. (HINT: Use Math.pow).

Explanation / Answer

function calculateTradeIn (model_year,curr_tradein_val)

{

var year_diff = cur_year - model_year;

var tot_percent=100;

var dep_percent=15;

if (year_diff > 0)

{

for(int i=0; i < year_diff ; i ++)

{

tot_percent = tot_percent - (dep_percent * tot_percent * 0.01);

}

}

var dep_value = tot_percent * 0.01 * curr_tradein_val;

return dep_value;

}

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