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\%.Substituting r = 0.01 and n = 240 into the above formula, we can get: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\%.
Step 2: Substitute data for calculation.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Step 2: Substitute data for calculation.
F&=(1 + 0.01)^{240}\\\end{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
Strategy guide 12-13
Strategy guide
Strategy guide
12-13
Strategy guide 12-13