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F&=(1 + 0.01)^{240}\\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\%.\end{align*}

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Step 2: Substitute data for calculation.

&=1.01^{240}\begin{align*}Step 2: Substitute data for calculation.