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\%.&=1.01^{240}
If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?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\%.Step 1: Review the formula of compound interest final value.
&=1.01^{240}\begin{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13