royal canadian mint digital currency Top Featured snippets

Step 2: Substitute data for calculation.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:\begin{align*}

Step 2: Substitute data for calculation.\end{align*}Step 2: Substitute data for calculation.

Step 2: Substitute data for calculation.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Substituting r = 0.01 and n = 240 into the above formula, we can get: