F&=(1 + 0.01)^{240}\\F&=(1 + 0.01)^{240}\\1.01 {240} \ approximate 10.8926 is calculated by a calculator.
\end{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Step 2: Substitute data for calculation.
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.&=1.01^{240}1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Strategy guide
12-14
Strategy guide
Strategy guide
12-14