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}\\
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:Step 1: Review the formula of compound interest final value.
Step 2: Substitute data for calculation.\end{align*}\end{align*}
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide