4 types of cryptocurrency Top Featured

Step 1: Review the formula of compound interest final value.F&=(1 + 0.01)^{240}\\Step 2: Substitute data for calculation.

&=1.01^{240}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.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.

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