the best digital currency to buy, Top

Substituting r = 0.01 and n = 240 into the above formula, we can get:&=1.01^{240}&=1.01^{240}

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 \%.

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*}Substituting r = 0.01 and n = 240 into the above formula, we can get: