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2024-12-14 04:53:54 <i draggable="Khn2"> <sub date-time="2VBD1Uiv"></sub> </i>

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 1: Review the formula of compound interest final value.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 2: Substitute data for calculation.F&=(1 + 0.01)^{240}\\&=1.01^{240}


Step 1: Review the formula of compound interest final value.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:

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