&=1.01^{240}Step 2: Substitute data for calculation.1.01 {240} \ approximate 10.8926 is calculated by a calculator.
\begin{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 1: Review the formula of compound interest final value.
Step 2: Substitute data for calculation.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\%.
Strategy guide 12-14
Strategy guide
12-14