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 \%.
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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.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.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.
Strategy guide
Strategy guide 12-13
Strategy guide