\end{align*}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:
If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?&=1.01^{240}\end{align*}
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
Strategy guide