top 10 digital currencies by market cap 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:&=1.01^{240}Substituting r = 0.01 and n = 240 into the above formula, we can get:

Step 2: Substitute data for calculation.F&=(1 + 0.01)^{240}\\Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.

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