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2024-12-14 00:28:33

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.Step 1: Review the formula of compound interest final value.


Substituting r = 0.01 and n = 240 into the above formula, we can get:\begin{align*}


Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 2: Substitute data for calculation.&=1.01^{240}

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