\end{align*}&=1.01^{240}Substituting r = 0.01 and n = 240 into the above formula, we can get:
Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Step 2: Substitute data for calculation.1.01 {240} \ approximate 10.8926 is calculated by a calculator.
\end{align*}\begin{align*}\end{align*}
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14