2024-12-13 12:35:18
Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.&=1.01^{240}&=1.01^{240}
Step 1: Review the formula of compound interest final value.&=1.01^{240}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
Step 2: Substitute data for calculation.\end{align*}
Strategy guide 12-13
Strategy guide 12-13