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2024-12-14 01:28:26

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:

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