cryptocurrency benefit Top Block

Step 1: Review the formula of compound interest final value.\end{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.

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\%.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.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:

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 \%.