Step 1: Review the formula of compound interest final value.\begin{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.
\begin{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Step 2: Substitute data for calculation.Step 1: Review the formula of compound interest final value.
Strategy guide
12-14
Strategy guide
12-14
Strategy guide
Strategy guide 12-14
Strategy guide
12-14