&=1.01^{240}The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.\begin{align*}
We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.F&=(1 + 0.01)^{240}\\
Step 1: Review the formula of compound interest final value.\begin{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.
Strategy guide
12-14
Strategy guide 12-14
Strategy guide