Substituting r = 0.01 and n = 240 into the above formula, we can get:
Step 1: Review the formula of compound interest final value.\end{align*}\end{align*}
Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.&=1.01^{240}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.
Strategy guide 12-14
Strategy guide 12-14