I'm surprised at how much I'm struggling to find an equation for the curve described below (I don't have a math degree, but it seems like it shouldn't be complicated).
The origin of the curve is $[0,0]$. The Y coordinate of this curve gets $20\%$ closer to $1$ each time the $X$ coordinate increases by $1$. Thus, the $Y$ asymptote is $1$.
Here are the coordinates for integer values of $x$ from 0 to 10:
0 0
1 0.2
2 0.36
3 0.488
4 0.5904
5 0.67232
6 0.737856
7 0.7902848
8 0.83222784
9 0.865782272
10 0.8926258176
Using an online tool for least squares curve fitting, I found the formula:
$y = 1 - e ^{-0.223x}$
Which is reasonably accurate, but unintuitive. Is there a simpler formula that expresses this curve?
It is easier to see the pattern if you look at the distance remaining to $1$:
These are powers of $0.8$; the formula you're looking for is $$y = 1-0.8^x.$$
You already found this answer, in fact, since $e^{-0.223\ldots} = 0.8$.