Simple maths help

[robfosters]

Say I had £100, and I wanted to increase that by 2% a day for one year. How would I go about doing the daily calculation to see how much I would have each day, and is there an excel spreadsheet anywhere that can do this sort of stuff quickly?

 

[SixTwoSix]

edit: i'm wrong, lol

 

[Zefan]

It's principle*rateperperiod^periods

So, 100*1.02^365

For excel, just put these values in cells and reference them in the formula. You might have to mess around with format/data types and brackets to make excel get it.