If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?1.01 {240} \ approximate 10.8926 is calculated by a calculator.Step 2: Substitute data for calculation.
\begin{align*}&=1.01^{240}
\begin{align*}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Step 2: Substitute data for calculation.