bitcoin foreign exchange Top Overview

Step 1: Review the formula of compound interest final value.1.01 {240} \ approximate 10.8926 is calculated by a calculator.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 2: Substitute data for calculation.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.

\begin{align*}F&=(1 + 0.01)^{240}\\Step 1: Review the formula of compound interest final value.