\end{align*}&=1.01^{240}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 2: Substitute data for calculation.Substituting r = 0.01 and n = 240 into the above formula, we can get:
\end{align*}This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.Step 2: Substitute data for calculation.
Strategy guide 12-13
Strategy guide
Strategy guide
12-13
Strategy guide
12-13