when will digital currency replace money Featured snippets

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

&=1.01^{240}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

Step 1: Review the formula of compound interest final value.\end{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?