study about cryptocurrency- Top Knowledge

Substituting r = 0.01 and n = 240 into the above formula, we can get:\begin{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?

1.01 {240} \ approximate 10.8926 is calculated by a calculator.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.&=1.01^{240}

Step 2: Substitute data for calculation.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.