mining for currency Top Overview

Step 2: Substitute data for calculation.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.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.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\%.

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