Step 1: Review the formula of compound interest final value.&=1.01^{240}
Substituting r = 0.01 and n = 240 into the above formula, we can get:Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Step 2: Substitute data for calculation.
Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Step 2: Substitute data for calculation.
Strategy guide
12-14
Strategy guide
12-14
Strategy guide
Strategy guide
12-14
Strategy guide