is bitcoin a legitimate currency- Top Reviews

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

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}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

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\%.&=1.01^{240}\begin{align*}