the different cryptocurrencies- Top Knowledge

1.01 {240} \ approximate 10.8926 is calculated by a calculator.Step 1: Review the formula of compound interest final value.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

\end{align*}F&=(1 + 0.01)^{240}\\Step 2: Substitute data for calculation.

Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.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:Substituting r = 0.01 and n = 240 into the above formula, we can get: