Calculating % Rate over years

Hi

I would like toi calculate the salary increase over a number of years.

However I would like this to be done within one cell

i.e.

I have my salary £60,000 and a cell which contains the inflation rate and the number of years.

Is there a way within a formula to have it calculate the yearly % rise and then use this value for the base salary for the next year and so and so.

I could do it over a number of cells but would like it to calculate the value within one cell.

Is this possible

Thanks for your help

Fabby

Martin

Top man, that has worked perfectly.

I am doing some projections, can you tell me what the "^" does

Many Thanks

Excellent Thank you