Step 1: Review the formula of compound interest final value.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.\end{align*}
Step 2: Substitute data for calculation.1.01 {240} \ approximate 10.8926 is calculated by a calculator.Step 1: Review the formula of compound interest final value.
Step 2: Substitute data for calculation.\end{align*}\begin{align*}
Strategy guide
12-13
Strategy guide 12-13
Strategy guide
12-13