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 \%.\end{align*}
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.Step 1: Review the formula of compound interest final value.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
F&=(1 + 0.01)^{240}\\Step 2: Substitute data for calculation.\begin{align*}
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13