digital currency blockchain People also ask

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

F&=(1 + 0.01)^{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 \%.