america's new currency- Top Knowledge

F&=(1 + 0.01)^{240}\\This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.Substituting r = 0.01 and n = 240 into the above formula, we can get:

\begin{align*}\end{align*}

\begin{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.1.01 {240} \ approximate 10.8926 is calculated by a calculator.