rate of digital currency Featured

&=1.01^{240}F&=(1 + 0.01)^{240}\\Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.1.01 {240} \ approximate 10.8926 is calculated by a calculator.Step 1: Review the formula of compound interest final value.

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?&=1.01^{240}\end{align*}