&=1.01^{240}We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.
F&=(1 + 0.01)^{240}\\Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.1.01 {240} \ approximate 10.8926 is calculated by a calculator.
\end{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:&=1.01^{240}
Strategy guide
12-13
Strategy guide
12-13
Strategy guide
12-13
Strategy guide 12-13