**Lets suppose that in 2014, in Peru, health expenditures were 75347.2 million, and each year that ammount grows by 5% compared to the previous year.**(so it adds to the previous ammount)

If i start with 75347.2 (Year 0) then in the first year the expenditures will be 79114.56

what i did was:

find 5% (0,05) of 75347,2 by:

75347.2 x0,05=3767.36

and then add it to the first number

3767.36+75347.2=79114.56 in expenditures the first year.

Now my starting number will be 79114.56 (Year 1)

so:

Year 0: 75347.2

Year 1: 79114.56

Year 2: 83070.228

and so...

**How many years will it take to reach 300000 in expenditures?**

This is the question i don't know how to answer.

Year X: 300000

This is the question i don't know how to answer.

Year X: 300000

Doing one year at a time will take forever.