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Step 1: Review the formula of compound interest final value.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?F&=(1 + 0.01)^{240}\\

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?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 \%.

Step 2: Substitute data for calculation.F&=(1 + 0.01)^{240}\\