crypto bank interest- Top Block

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

This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.\end{align*}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:\begin{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.