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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Strategy guide
12-13
Strategy guide
Strategy guide