cbdc crypto stock Knowledge

We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps: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.

Step 1: Review the formula of compound interest final value.\begin{align*}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:1.01 {240} \ approximate 10.8926 is calculated by a calculator.\end{align*}