Step 2: Substitute data for calculation.F&=(1 + 0.01)^{240}\\
Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Step 2: Substitute data for calculation.&=1.01^{240}
This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.\begin{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13