cryptocurrency in coinbase, Overview

Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.F&=(1 + 0.01)^{240}\\

Step 2: Substitute data for calculation.Substituting r = 0.01 and n = 240 into the above formula, we can get:Substituting r = 0.01 and n = 240 into the above formula, we can get:

1.01 {240} \ approximate 10.8926 is calculated by a calculator.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: