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F&=(1 + 0.01)^{240}\\\begin{align*}&=1.01^{240}

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\%.Step 1: Review the formula of compound interest final value.&=1.01^{240}

1.01 {240} \ approximate 10.8926 is calculated by a calculator.&=1.01^{240}&=1.01^{240}