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:Step 2: Substitute data for calculation.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:
Step 2: Substitute data for calculation.1.01 {240} \ approximate 10.8926 is calculated by a calculator.1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Substituting r = 0.01 and n = 240 into the above formula, we can get:Substituting r = 0.01 and n = 240 into the above formula, we can get:
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide
12-14
Strategy guide
12-14
Strategy guide 12-14