&=1.01^{240}\end{align*}Step 2: Substitute data for calculation.
If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Step 2: Substitute data for calculation.\end{align*}
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:If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Step 2: Substitute data for calculation.
Strategy guide
Strategy guide 12-14
Strategy guide 12-14