if i had a 150 point betting bank and i tried to make a point a day compounding each day , how do i work out how many bets it takes to reach a certain goal? thanks
b * k^n = g so n = (log(g) - log (b)) / log (k) = log(g/b) / log(k)
If b = 150, k = 1.01 and g = 10,000 then n = log(10000 / 150) / log (1.01) = 422.07
Do you mean thisb * k^n = gso n = (log(g) - log (b)) / log (k) = log(g/b) / log(k)If b = 150, k = 1.01 and g = 10,000 then n = log(10000 / 150) / log (1.01) = 422.07