I bought $200 of crypto at the market value of $.045. What will my gains be once the crypto value hits $1.00? How would I calculate my gains and losses?

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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Hi I'm math adverse and wanted to understand how to calculate future earnings of a cryptocurrency.

Say if I bought $200 of crypto at the market value of $.045. What will my gains be once the crypto value hits $1.00? How would I calculate my gains and losses?

 

thanks!

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