\end{align*}&=1.01^{240}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
&=1.01^{240}Step 2: Substitute data for calculation.F&=(1 + 0.01)^{240}\\
\end{align*}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 2: Substitute data for calculation.
Strategy guide 12-14
Strategy guide
12-14
Strategy guide 12-14