Step 2: Substitute data for calculation.\begin{align*}
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 1: Review the formula of compound interest final value.
This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.\begin{align*}&=1.01^{240}
Strategy guide
Strategy guide
12-14
Strategy guide
12-14