1.01 {240} \ approximate 10.8926 is calculated by a calculator.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.\begin{align*}
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:1.01 {240} \ approximate 10.8926 is calculated by a calculator.&=1.01^{240}
\begin{align*}\begin{align*}Step 2: Substitute data for calculation.
Strategy guide
12-14
Strategy guide 12-14
Strategy guide