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2024-12-14 12:40:17

1.01 {240} \ approximate 10.8926 is calculated by a calculator.We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:F&=(1 + 0.01)^{240}\\


If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?\end{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.


\begin{align*}F&=(1 + 0.01)^{240}\\

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