Step 2: Substitute data for calculation.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} \ approximate 10.8926 is calculated by a calculator.\begin{align*}
F&=(1 + 0.01)^{240}\\Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.\begin{align*}
Strategy guide 12-14
Strategy guide
12-14
Strategy guide