purchase digital currency- Top Knowledge graph

\begin{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:

F&=(1 + 0.01)^{240}\\Step 1: Review the formula of compound interest final value.

1.01 {240} \ approximate 10.8926 is calculated by a calculator.Step 2: Substitute data for calculation.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?