F&=(1 + 0.01)^{240}\\Step 1: Review the formula of compound interest final value.&=1.01^{240}
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\%.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.
\end{align*}\end{align*}Step 2: Substitute data for calculation.
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide
12-14