Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 2: Substitute data for calculation.&=1.01^{240}
Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 2: Substitute data for calculation.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.
If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Step 2: Substitute data for calculation.\begin{align*}