\begin{align*}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Substituting r = 0.01 and n = 240 into the above formula, we can get:
Step 1: Review the formula of compound interest final value.F&=(1 + 0.01)^{240}\\
Step 1: Review the formula of compound interest final value.\end{align*}\end{align*}
Strategy guide
12-13
Strategy guide
12-13