what is value of cryptocurrency Featured

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 115.8887.1.01 {240} \ approximate 10.8926 is calculated by a calculator.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.

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