cryptocurrency digital money- Top Knowledge

&=1.01^{240}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.

F&=(1 + 0.01)^{240}\\Step 1: Review the formula of compound interest final value.We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:

Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.Substituting r = 0.01 and n = 240 into the above formula, we can get: