I want to start out by saying I know how to get the answer to this problem... I am specifically looking for the FORMULA to solve a problem like this. Thanks!
STARTING WITH $0.00
I have an income of $10,000 an hour
I have 30 stock
To buy 1 stock you must pay $20,000; i.e.: In two hours I will be able to buy 1 stock for a total of 31 stock
Every time you purchase 1 stock it increases your hourly income by 525.
Again for example, in two hours I will have 20k and be able to buy 1 stock, bringing my hourly income up to $10,525. After two more hours I will have 32 stock and an hourly income of $11,050.
If you purchase 1 stock every time you have an additional 20k; how long would it take to get to 200? (We are starting at 30 so I guess it would be the additional 170 stock)
I know I can keep adding 525 and figure it out the hard way, but I am curious as to what a formula for a problem like this would look like and how it would work.
I appreciate your time!!!