\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:\end{align*}
Step 1: Review the formula of compound interest final value.\end{align*}&=1.01^{240}
Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14