centralised banking system, Knowledge graph

Step 2: Substitute data for calculation.Step 2: Substitute data for calculation.\end{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:\end{align*}

\begin{align*}\end{align*}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: