1.01 {240} \ approximate 10.8926 is calculated by a calculator.1.01 {240} \ approximate 10.8926 is calculated by a calculator.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\%.
Step 2: Substitute data for calculation.Step 2: Substitute data for calculation.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.
\begin{align*}&=1.01^{240}1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14