cryptocurrency as currency Top Overview

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Step 1: Review the formula of compound interest final value.F&=(1 + 0.01)^{240}\\

1.01 {240} \ approximate 10.8926 is calculated by a calculator.Substituting r = 0.01 and n = 240 into the above formula, we can get:Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

&=1.01^{240}F&=(1 + 0.01)^{240}\\Step 1: Review the formula of compound interest final value.