what are bitcoins based on- Top Overview

Step 1: Review the formula of compound interest final value.&=1.01^{240}Substituting r = 0.01 and n = 240 into the above formula, we can get:

1.01 {240} \ approximate 10.8926 is calculated by a calculator.F&=(1 + 0.01)^{240}\\Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

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:Substituting r = 0.01 and n = 240 into the above formula, we can get: