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If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?&=1.01^{240}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?

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\%.\begin{align*}Step 1: Review the formula of compound interest final value.

Substituting r = 0.01 and n = 240 into the above formula, we can get:\end{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.