Thanks for the reply.
I suppose that for some context, I should tell you that I'm trying to show that if you have a quantity T that grows by a constant percent each year, and T=L+B, with B also growing by a constant percent each year, if T is growing faster than B, then L will grow by a percent greater than T. Also, as time approaches infinity, the percent that L grows at will approach the percent that T grows at.
A and B were just values I substituted because I was trying to make the problem easier. So I started with this:
T(1+g)^n=L(1+X)^n+B(1+i)^n
Where T=L+B, g>i
I solved for X and got:
X(n)=(\frac{T(1+g)^n-B(1+i)^n}{L})^\frac{1}{n}-1
And now I'm trying to show that as n approaches infinity that X will approach g. However, I'm at a loss as to how to solve it:
lim_{n\rightarrow\infty} (\frac{T(1+g)^n-B(1+i)^n}{L})^\frac{1}{n}-1
I thought that I could evaluate the inner function first and then move on to develop an answer in steps, but this can't be done as I originally thought. Is there any way to solve this, and how can I get started?