Step 1: Review the formula of compound interest final value.\end{align*}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.
If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?\begin{align*}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.
&=1.01^{240}\end{align*}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.
Strategy guide
Strategy guide 12-14
Strategy guide 12-14
Strategy guide
12-14