Example
You bought a pair of sneakers 100. Every year, it value increases by %5.
- After 1 year, the sneakers are worth `\$100 \times \left( 1 + 5\% \right) = \$105`
- After 2 years, the sneakers are worth `\$100 \times \left( 1 + 5\% \right) \times \left( 1 + 5\% \right) = \$100 \times \left( 1 + 5\% \right)^{2} = \$110.25`
- After 3 years, the sneakers are worth `\$100 \times \left( 1 + 5\% \right) \times \left( 1 + 5\% \right) \times \left( 1 + 5\% \right) = \$100 \times \left( 1 + 5\% \right)^{3} \approx \$115.76`
- and so on
Question
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