digital currency advisor, searches

F&=(1 + 0.01)^{240}\\&=1.01^{240}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\%.

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:1.01 {240} \ approximate 10.8926 is calculated by a calculator.Substituting r = 0.01 and n = 240 into the above formula, we can get:

Step 2: Substitute data for calculation.&=1.01^{240}Substituting r = 0.01 and n = 240 into the above formula, we can get: