This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Step 2: Substitute data for calculation.
&=1.01^{240}1.01 {240} \ approximate 10.8926 is calculated by a calculator.Step 1: Review the formula of compound interest final value.
Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Strategy guide 12-14
Strategy guide 12-14
Strategy guide
Strategy guide 12-14