new coin in 2021 Knowledge

Substituting r = 0.01 and n = 240 into the above formula, we can get:1.01 {240} \ approximate 10.8926 is calculated by a calculator.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

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\%.Step 1: Review the formula of compound interest final value.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:

Step 2: Substitute data for calculation.\end{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get: