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2024-12-14 04:31:08

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:\begin{align*}


F&=(1 + 0.01)^{240}\\Step 1: Review the formula of compound interest final value.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*}Substituting r = 0.01 and n = 240 into the above formula, we can get:1.01 {240} \ approximate 10.8926 is calculated by a calculator.

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