fiat currency to cryptocurrency- Top Knowledge

\end{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\%.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

\end{align*}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:

F&=(1 + 0.01)^{240}\\Step 2: Substitute data for calculation.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?