what is cryptocurrency and how to invest, Featured

2024-12-14 09:07:31

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:\begin{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.


&=1.01^{240}The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.


Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.\end{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.

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