Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.
Step 1: Review the formula of compound interest final value.F&=(1 + 0.01)^{240}\\
F&=(1 + 0.01)^{240}\\\begin{align*}
Strategy guide
Strategy guide
12-14
Strategy guide
12-14