cryptocurrency and central banks, snippets

Step 2: Substitute data for calculation.\end{align*}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

&=1.01^{240}Substituting r = 0.01 and n = 240 into the above formula, we can get: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?\end{align*}