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: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\%.
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.
\end{align*}&=1.01^{240}Substituting r = 0.01 and n = 240 into the above formula, we can get:
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13