&=1.01^{240}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.&=1.01^{240}
Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:F&=(1 + 0.01)^{240}\\F&=(1 + 0.01)^{240}\\
Strategy guide
Strategy guide
12-13
Strategy guide 12-13