BTC bubble

One of the world's experts in bubbles -- Prof. Robert Shiller, a Yale economist -- said Bitcoin "was an amazing example of a bubble" back in 2014. If you exchange fiat US dollar $100 to BTC in 2010, now in 2017 have value of 72.9 millions dollars. Find annual growth of value of bitcoin currency (BTC) against US Dollar. Make conclusion about steep exponenial growth.



Result

p =  587.9 %

Solution:

a=100 USD b=72.9 1000000=72900000 USD n=20172010=7 y q=(b/a)1/n=72900000/10076.8791 p=100 q100=100 6.8791100587.9114587.9%a=100 \ \text{USD} \ \\ b=72.9 \cdot \ 1000000=72900000 \ \text{USD} \ \\ n=2017-2010=7 \ \text{y} \ \\ q=(b/a)^{ 1/n }=\sqrt[7]{ 72900000/100} \doteq 6.8791 \ \\ p=100 \cdot \ q - 100=100 \cdot \ 6.8791 - 100 \doteq 587.9114 \doteq 587.9 \%



Our examples were largely sent or created by pupils and students themselves. Therefore, we would be pleased if you could send us any errors you found, spelling mistakes, or rephasing the example. Thank you!





Leave us a comment of this math problem and its solution (i.e. if it is still somewhat unclear...):

Showing 1 comment:
#
Dr Math
on BTC now earn - exchanges, brokers, producers of miners, producer of electricity. Bitcoin network has enormous consumption of electricity, which all end user must pay...

avatar









Tips to related online calculators
Our percentage calculator will help you quickly calculate various typical tasks with percentages.

Following knowledge from mathematics are needed to solve this word math problem:

Next similar math problems:

  1. Profit gain
    percent_12 If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is:
  2. Researchers
    house Researchers ask 200 families whether or not they were the homeowner and how many cars they had. Their response was homeowner: 14 no car or one car, two or more cars 86, not homeowner: 38 no car or one car, two or more cars 62. What percent of the families
  3. Borrowing
    test_5 I borrow 25,000 to 6.9% p.a.. I pay 500 per month. How much will I pay and for how long?
  4. Enterprise
    podniky_socik The value of annual production enterprise is 7.1 million USD. The average annual growth rate is 1.5%. What will be value of production at the end of the fifth year?
  5. Loss
    books_34 A bookstore purchased from a publisher the biography of a well-known politician for R15 per copy, but sales have been very poor. The manager has decided to mark the copies down to R12 each to make a quick sale. Calculate the loss on each book as a percenta
  6. Theorem prove
    thales_1 We want to prove the sentence: If the natural number n is divisible by six, then n is divisible by three. From what assumption we started?
  7. Summerjob
    tree2 The temporary workers planted new trees. Of the total number of 500 seedlings, they managed to plant 426. How many percents did they meet the daily planting limit?
  8. Shuyen
    penize_49 Shuyen wanted to save some money. She deposited Php.300 in a bank which pays 0.5% interest per annum. After nine months, she needed the money to buy some gifts. How much will she be able to get if he withdraws all her money from the bank?
  9. Car down
    car_1 Sarah buys a car costing $12,500. It depreciates in value by 8% in the first year, 10% the second year and 5% in the third year. Calculate the value of a car after the third year.
  10. Combined interest
    bank2 Combined interest: Carol has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. The money was put into the account 5.5.2016 and withdraw them all before Christmas 20.12.2016. How much money did she withdraw?
  11. Commission 2
    compare_2 Mr gomez sells used cellphones. His commission for every cellphone sold is 20%. If his total sales is Php 33850, how much is his commission? Please, please, please show your solution.
  12. Account operations
    penize_49 My savings of php 90,000 in a bank earns 6% interest in a year. If i will deposit additional php 10,000 at the end of 6 months, how much money will be left if i withdraw php 25,000 after a year?
  13. Annual pension
    penize_49 Calculate the amount of money generating an annual pension of EUR 1000, payable at the end of the year and for a period of 10 years, shall be inserted into the bank to account with an annual interest rate of 2%
  14. Tabitha
    factory_butter_7 Tabitha manufactures a product that sells very well. The capacity of her facility is 241,000 units per year. The fixed costs are $122,000 per year and the variable costs are $11 per unit. The product currently sells for $17. a. What total revenue is req
  15. Dividing money
    penize_33 Thomas, Honza and Vasek are to divide 1220kč. Honza got 25% more than Thomas. Vasek 20% less than Thomas. How CZK each got?
  16. Prices
    pokladna The price of the product was increased by 35%. How many percents of the new price we have to make it cheaper so that its price is equal to the original price?
  17. Reward
    percents_4 Three workers have shared a common reward 13110 CZK follows: first worker got 35% less than the second and third worker got 20% more than the second worker. How much got each worker?