A positive number x was increased by y% for k times. What should be a generic formula for the same so that we get the correct final value for any positive number increased by any %, any number of times?
E.g. If we increase 2 by 10% for 2 times, then:
result: 2 + 10%(2) + 10%(2 + 10%(2))
: 2 + (1/5) + (11/50)
: 121/50
Similarly if we, let's say, want to increase 15 by 25% for 38 times, it will be difficult and time consuming to find the result if we calculate as in the above process. A generic formula would be a faster way. I don't know if it will be similar to compound interest.