&=1.01^{240}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.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\%.
1.01 {240} \ approximate 10.8926 is calculated by a calculator.\begin{align*}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 1: Review the formula of compound interest final value.\begin{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.