\begin{align*}&=1.01^{240}
Step 1: Review the formula of compound interest final value.\end{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Step 1: Review the formula of compound interest final value.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\%.\begin{align*}
Strategy guide
Strategy guide
12-14
Strategy guide
Strategy guide 12-14
Strategy guide