new coin in 2021 Knowledge

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