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2024-12-14 01:03:30

Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?\end{align*}


Step 1: Review the formula of compound interest final value.F&=(1 + 0.01)^{240}\\F&=(1 + 0.01)^{240}\\


F&=(1 + 0.01)^{240}\\Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Substituting r = 0.01 and n = 240 into the above formula, we can get:

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