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If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Step 1: Review the formula of compound interest final value.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:

Substituting r = 0.01 and n = 240 into the above formula, we can get:\begin{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.

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