decentralized money, Overview

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

\begin{align*}Step 1: Review the formula of compound interest final value.

1.01 {240} \ approximate 10.8926 is calculated by a calculator.Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 2: Substitute data for calculation.