If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?\end{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Step 2: Substitute data for calculation.\begin{align*}
Step 2: Substitute data for calculation.\end{align*}&=1.01^{240}
Strategy guide
Strategy guide 12-14
Strategy guide
12-14