Step 1: Review the formula of compound interest final value.F&=(1 + 0.01)^{240}\\\begin{align*}
Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.&=1.01^{240}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.
&=1.01^{240}\begin{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide