banks own cryptocurrency Top Knowledge graph

Step 1: Review the formula of compound interest final value.&=1.01^{240}1.01 {240} \ approximate 10.8926 is calculated by a calculator.

F&=(1 + 0.01)^{240}\\Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.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:1.01 {240} \ approximate 10.8926 is calculated by a calculator.