Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.\end{align*}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.
Substituting r = 0.01 and n = 240 into the above formula, we can get:If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Substituting r = 0.01 and n = 240 into the above formula, we can get:
\begin{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.Step 2: Substitute data for calculation.
Strategy guide
Strategy guide 12-13