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