Step 2: Substitute data for calculation.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Step 2: Substitute data for calculation.
Step 1: Review the formula of compound interest final value.Substituting r = 0.01 and n = 240 into the above formula, we can get:&=1.01^{240}
This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.Substituting r = 0.01 and n = 240 into the above formula, we can get:\begin{align*}
Strategy guide
12-14
Strategy guide
12-14
Strategy guide
Strategy guide 12-14
Strategy guide
12-14
Strategy guide
12-14