Revenue Calculation
As we have previously mentioned, using variables can streamline the process of working with data by allowing for clear, concise, and efficient calculations. Now, let's apply our variables to a practical example.
Task
Continuing with the exercise from the previous chapter, we can calculate the projected revenue over a 4-year period using variables. Here's how:
- To determine the anticipated revenue after 4 years, use the variables
initial_money,interest_rate, andn_years. Store the result in therevenuevariable. - Display the calculated revenue in the following format:
The formula for revenue is:
initial_money * (1 + interest_rate / 100) ^ n_years.
Everything was clear?
Course Content
R Introduction: Part I
R Introduction: Part I
Revenue Calculation
As we have previously mentioned, using variables can streamline the process of working with data by allowing for clear, concise, and efficient calculations. Now, let's apply our variables to a practical example.
Task
Continuing with the exercise from the previous chapter, we can calculate the projected revenue over a 4-year period using variables. Here's how:
- To determine the anticipated revenue after 4 years, use the variables
initial_money,interest_rate, andn_years. Store the result in therevenuevariable. - Display the calculated revenue in the following format:
The formula for revenue is:
initial_money * (1 + interest_rate / 100) ^ n_years.
Everything was clear?
