1.01 {240} \ approximate 10.8926 is calculated by a calculator.Step 2: Substitute data for calculation.&=1.01^{240}
Step 2: Substitute data for calculation.1.01 {240} \ approximate 10.8926 is calculated by a calculator.&=1.01^{240}
&=1.01^{240}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\%.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:
Strategy guide
12-14
Strategy guide
12-14
Strategy guide 12-14
Strategy guide 12-14