Step 1: Review the formula of compound interest final value.\begin{align*}
If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
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.1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Strategy guide
Strategy guide
12-13
Strategy guide
Strategy guide 12-13