\end{align*}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.
1.01 {240} \ approximate 10.8926 is calculated by a calculator.Step 2: Substitute data for calculation.
F&=(1 + 0.01)^{240}\\1.01 {240} \ approximate 10.8926 is calculated by a calculator.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:
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13