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Step 1: Review the formula of compound interest final value.Step 1: Review the formula of compound interest final value.F&=(1 + 0.01)^{240}\\

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

Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.F&=(1 + 0.01)^{240}\\F&=(1 + 0.01)^{240}\\