real value of cryptocurrency Top Related searches

1.01 {240} \ approximate 10.8926 is calculated by a calculator.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?\begin{align*}

Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.\end{align*}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:

\end{align*}&=1.01^{240}F&=(1 + 0.01)^{240}\\