crypto vs central banks- Top Block

Step 1: Review the formula of compound interest final value.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?

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