Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.\end{align*}&=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\%.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Step 2: Substitute data for calculation.
\end{align*}Step 1: Review the formula of compound interest final value.Step 2: Substitute data for calculation.
Strategy guide
12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide