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2024-12-14 05:40:10

Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.\end{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:


Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.F&=(1 + 0.01)^{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:


\begin{align*}Step 1: Review the formula of compound interest final value.

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