Step 2: Substitute data for calculation.\end{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
F&=(1 + 0.01)^{240}\\&=1.01^{240}1.01 {240} \ approximate 10.8926 is calculated by a calculator.
This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.
Strategy guide
Strategy guide
Strategy guide
Strategy guide
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