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

Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.&=1.01^{240}This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.

1.01 {240} \ approximate 10.8926 is calculated by a calculator.\end{align*}F&=(1 + 0.01)^{240}\\