Question 1132933
the percentage increase per year is 1.6%.
you start with 34%.
the next year it's 34% + 1.6%
the year after that it's 34% + 1.6% + 1.6%
the year after that it's 34% + 1.6% + 1.6% + 1.6%


if you let x equal the number of years after, then the formula becomes:


p = 34% + 1.6% * x


x = the number of years after the percentage was 34%.
p = the percentage after x years.


when x = 0, p = 34% + 1.6% * 0 = 34%.
when x = 1, p = 34% + 1.6% * 1 = 35.6%.
when x = 2, p = 34% + 1.6% * 2 = 37.2%.
etc.....