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2024-12-13 04:49:52

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:\begin{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?


1.01 {240} \ approximate 10.8926 is calculated by a calculator.This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.


If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?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.\begin{align*}

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