how to calculate percentage increase for x amount of years example: 10% increase for 5 years equals
This is how you do it: 10% means: 10/100=.10 + 1=1.10^5=1.61051. Now, what does this mean?
It means that if you had $1, and if you got 10% interest on it every year (compounded) for 5 years, then your $1 would be worth $1.61051 in 5 years.
