\end{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?&=1.01^{240}
Step 1: Review the formula of compound interest final value.\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:
Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.F&=(1 + 0.01)^{240}\\&=1.01^{240}