Step 2: Substitute data for calculation.\begin{align*}
The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.Step 1: Review the formula of compound interest final value.\begin{align*}
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.
Strategy guide
Strategy guide
12-14
Strategy guide
12-14
Strategy guide
12-14