1.01 {240} \ approximate 10.8926 is calculated by a calculator.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Step 1: Review the formula of compound interest final value.
Step 1: Review the formula of compound interest final value.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.F&=(1 + 0.01)^{240}\\
\end{align*}Step 2: Substitute data for calculation.\end{align*}
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
12-13