Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.\begin{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.
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:Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.\begin{align*}
If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Substituting r = 0.01 and n = 240 into the above formula, we can get:F&=(1 + 0.01)^{240}\\
Strategy guide 12-13
Strategy guide
12-13
Strategy guide
12-13
Strategy guide 12-13