\end{align*}Step 2: Substitute data for calculation.1.01 {240} \ approximate 10.8926 is calculated by a calculator.
\end{align*}&=1.01^{240}
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, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.\begin{align*}
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
Strategy guide 12-13