Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Step 2: Substitute data for calculation.
\begin{align*}Step 1: Review the formula of compound interest final value.F&=(1 + 0.01)^{240}\\
&=1.01^{240}\begin{align*}This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.
Strategy guide
12-13
Strategy guide 12-13