F&=(1 + 0.01)^{240}\\\end{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:
The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
\begin{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?&=1.01^{240}
Strategy guide
Strategy guide
12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14