bitcoin type currency Knowledge

Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.\begin{align*}

This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.&=1.01^{240}F&=(1 + 0.01)^{240}\\

Step 1: Review the formula of compound interest final value.Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 1: Review the formula of compound interest final value.