Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 1: Review the formula of compound interest final value.Step 2: Substitute data for calculation.
Step 1: Review the formula of compound interest final value.Step 1: Review the formula of compound interest final value.&=1.01^{240}
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 \%.
Strategy guide
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Strategy guide