central bank digital currency australia- Top Knowledge

This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.F&=(1 + 0.01)^{240}\\

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

&=1.01^{240}Step 2: Substitute data for calculation.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: