\end{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.\end{align*}
Step 2: Substitute data for calculation.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Step 2: Substitute data for calculation.\end{align*}Step 1: Review the formula of compound interest final value.
Strategy guide
Strategy guide 12-14
Strategy guide 12-14