currency related questions Knowledge

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\%.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

F&=(1 + 0.01)^{240}\\If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?F&=(1 + 0.01)^{240}\\

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