2024-12-14 00:46:43
Step 1: Review the formula of compound interest final value.Step 1: Review the formula of compound interest final value.\end{align*}
Substituting r = 0.01 and n = 240 into the above formula, we can get:\begin{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
\begin{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.