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2024-12-13 05:51:06

The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.Step 1: Review the formula of compound interest final value.Step 1: Review the formula of compound interest final value.


Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 2: Substitute data for calculation.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?


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