cryptocurrency new coin- Top Knowledge

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:\begin{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?

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

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 \%.&=1.01^{240}