\begin{align*}\begin{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:
\begin{align*}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\%.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\%.
Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 1: Review the formula of compound interest final value.\end{align*}
Strategy guide
12-14
Strategy guide
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14