Step 2: Substitute data for calculation.F&=(1 + 0.01)^{240}\\F&=(1 + 0.01)^{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\%.We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:\begin{align*}
F&=(1 + 0.01)^{240}\\Step 2: Substitute data for calculation.
Strategy guide 12-13
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13