defi currency Top

F&=(1 + 0.01)^{240}\\Step 2: Substitute data for calculation.&=1.01^{240}

Step 1: Review the formula of compound interest final value.\end{align*}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.

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Substituting r = 0.01 and n = 240 into the above formula, we can get:\end{align*}