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Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.&=1.01^{240}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.


1.01 {240} \ approximate 10.8926 is calculated by a calculator.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Step 2: Substitute data for calculation.


Step 2: Substitute data for calculation.Substituting r = 0.01 and n = 240 into the above formula, we can get:

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