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2024-12-14 01:49:28

F&=(1 + 0.01)^{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:1.01 {240} \ approximate 10.8926 is calculated by a calculator.


Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.\end{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:


1.01 {240} \ approximate 10.8926 is calculated by a calculator.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:

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