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&=1.01^{240}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\%.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

Step 2: Substitute data for calculation.Step 1: Review the formula of compound interest final value.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

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\%.1.01 {240} \ approximate 10.8926 is calculated by a calculator.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?