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

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?\end{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:

The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.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: