digital currency federal reserve Top searches

Substituting r = 0.01 and n = 240 into the above formula, we can get:F&=(1 + 0.01)^{240}\\Substituting r = 0.01 and n = 240 into the above formula, we can get:

Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Step 1: Review the formula of compound interest final value.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

F&=(1 + 0.01)^{240}\\\end{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.