Step 2: Substitute data for calculation.&=1.01^{240}
\end{align*}&=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\%.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Step 2: Substitute data for calculation.
Strategy guide
12-14
Strategy guide