stock cryptocurrency- Top Knowledge

Step 1: Review the formula of compound interest final value.

&=1.01^{240}\begin{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.

This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.Step 1: Review the formula of compound interest final value.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.