\end{align*}Step 1: Review the formula of compound interest final value.\end{align*}
1.01 {240} \ approximate 10.8926 is calculated by a calculator.F&=(1 + 0.01)^{240}\\The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.
1.01 {240} \ approximate 10.8926 is calculated by a calculator.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.&=1.01^{240}
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14