What is the formula if I want to know... What is 33,000 increased by 1% by x number of times?

The symbol "^" means raised to the power of ___ , in other words, it shows what exponent is used.

It doesn't matter what the initial amount is, the increase of 1% will result in the same amount of increase after a certain number of repetitions... which can be multiplied by the initial amount to determine the net amount...and you must add 1 to the rate of increase because you are retaining the initial amount.

so after 1 cycle you will have:

1.01 X 33,000 = 33,330

2 cycles will result in:

1.01 X 1.01 = 1.01^2 = 1.0201 X 33,000 = 33,663.33

3 cycles will result in:

1.01 X 1.01 X 1.01 = 1.01^3 = 1.030301 = 33,999.933

PV = Present Value

FV = Future Value

R = Rate expressed as a decimal, 1% = .01

n = number of cycles

FV = PV (1+R)^n

For values of n greater than four or five, a scientific calculator is a big advantage!

F<x>=33000*1/100*x

y=33,000(1.01^x)

Formula: y = a (b^[x/t])

Y = total

A = total before anything happens

B = Increase or multilpier (i.e. +1% = 101% = 1.01)

X = the number of times something has happened

T = how often X occurs (i.e. If it increases every 3 months, t=3. For you, I assume t=1)

Take 33,000 x 1.01 (for the 1% increase) x N (for the number of times) to get your answer.

NRT