Suppose that I wanted to recursively add a percentage to some number. For example:
20,000 + 10% = 22,000
22,000 + 10% = 22,200
22,200 + 10% = 22,220
we can easily see the limit is 20,000*(10/9). I want to know how I arrived at this. What is the general rule? For example, suppose we started with 42,000 and applied 27% recursively. How would I find the limit? Thanks.