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

F&=(1 + 0.01)^{240}\\F&=(1 + 0.01)^{240}\\If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?

Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.\begin{align*}&=1.01^{240}