\begin{align*}&=1.01^{240}\end{align*}
Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.&=1.01^{240}This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.
Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Step 2: Substitute data for calculation.Step 1: Review the formula of compound interest final value.
Strategy guide 12-14
Strategy guide 12-14
Strategy guide
Strategy guide
12-14