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2024-12-14 10:22:17

\begin{align*}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:1.01 {240} \ approximate 10.8926 is calculated by a calculator.


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:Step 1: Review the formula of compound interest final value.1.01 {240} \ approximate 10.8926 is calculated by a calculator.


Substituting r = 0.01 and n = 240 into the above formula, we can get:If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?\end{align*}

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