F&=(1 + 0.01)^{240}\\&=1.01^{240}This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.
&=1.01^{240}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
&=1.01^{240}\begin{align*}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
12-13
Strategy guide 12-13