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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.Step 2: Substitute data for calculation.

\end{align*}Step 2: Substitute data for calculation.

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