2024-12-13 02:51:45
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\%.Step 1: Review the formula of compound interest final value.\begin{align*}
Substituting r = 0.01 and n = 240 into the above formula, we can get:F&=(1 + 0.01)^{240}\\We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:
\end{align*}F&=(1 + 0.01)^{240}\\Step 2: Substitute data for calculation.
Strategy guide
Strategy guide
12-13
Strategy guide 12-13