If I have 1$ and the opportunity to make .92% of my dollar in 50 consecutive chances.
how do I calculate that maximum total I could win?
I start with $1 and I win 92% of my dollar so I win 92 cents
So 1.92 total
Then I win 92% again
1.92 x 0.92 = 1.76 (profit) + (original 1.92) = $3.68
So then I win 92% of 3.68 which equals $3.39 profit plus 3.68 to a total of $7.07
What is the simple math equation to see what my end total would be if I won 92% of my previous total 50 times in a row?
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