Let say I want to earn 2000€ with an investment done each day in a year (i.e. a percentage every day, for 365 days). I have a initial budge of X amount.
Which percentage (per day) I have to gain to get +2000€ in a year?
For example, starting with a budget of 850€, which percentage of gain I need to use every day reaching that exact sum? Of course, what I gain every day I'll re-invest the next day.
Its seems a sort of exponential percentage...
for example, let the percentage earned be 5%, the total amount be A, and the initial amount be X. After one day, the amount is $A = X + X*(0.05)$, or after factoring, $A = X(1.05)$. To get the amount after day 2, we can repeat this procedure to get $A = X(1.05)(1.05)$. Repeating, we get the formula $A = X(1.05)^{days}$
instead of dealing with 1.05, let p = the percentage + 1, so we have $A = X(p)^{days}$. Now let's solve the problem
You want an earned amount of 2000 after 365 days, so A-X = 2000 and A = X*p^365
Subtract X from both sides of the latter equation, to get $$ A-X = Xp^{365} - X $$ but we know A-X is 2000, so $$ 2000 = Xp^{365} - X $$ rearranging for p, we get $$ \sqrt[365]{\frac{2000+X}{X}} = p $$ or just $$ \sqrt[365]{\frac{2000+X}{X}} - 1 = percentage $$