about crypto market Knowledge

Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.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: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.F&=(1 + 0.01)^{240}\\The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.

\begin{align*}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?