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