benefits of owning cryptocurrency Top Featured

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

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