digitalization of currency- Top People also ask

Step 1: Review the formula of compound interest final value.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.

\begin{align*}\end{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?

Step 2: Substitute data for calculation.F&=(1 + 0.01)^{240}\\