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*}\end{align*}
\end{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.\begin{align*}
If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?\begin{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:
Strategy guide
12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14