learn cryptocurrencies- Top Knowledge

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Step 1: Review the formula of compound interest final value.This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.

Substituting r = 0.01 and n = 240 into the above formula, we can get:\begin{align*}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 1: Review the formula of compound interest final value.