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2024-12-13 05:49:13

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.


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


Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.\end{align*}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.

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