Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.&=1.01^{240}\begin{align*}
Step 2: Substitute data for calculation.Substituting r = 0.01 and n = 240 into the above formula, we can get:
Step 1: Review the formula of compound interest final value.Step 1: Review the formula of compound interest final value.Step 2: Substitute data for calculation.
Strategy guide
12-13
Strategy guide
12-13
Strategy guide
Strategy guide 12-13