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2024-12-14 12:33:15

F&=(1 + 0.01)^{240}\\Step 1: Review the formula of compound interest final value.


F&=(1 + 0.01)^{240}\\F&=(1 + 0.01)^{240}\\Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.


&=1.01^{240}The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.\begin{align*}

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