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2024-12-14 01:48:14

Step 1: Review the formula of compound interest final value.&=1.01^{240}Step 1: Review the formula of compound interest final value.


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\%.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\%.Substituting r = 0.01 and n = 240 into the above formula, we can get:


1.01 {240} \ approximate 10.8926 is calculated by a calculator.Step 2: Substitute data for calculation.\end{align*}

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