different crypto currency Top Block

Substituting r = 0.01 and n = 240 into the above formula, we can get: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\%.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?Step 2: Substitute data for calculation.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.

\begin{align*}&=1.01^{240}&=1.01^{240}