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2024-12-13 05:32:00

&=1.01^{240}This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.


F&=(1 + 0.01)^{240}\\If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.


Step 1: Review the formula of compound interest final value.&=1.01^{240}

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