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Substituting r = 0.01 and n = 240 into the above formula, we can get:

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

\end{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 1: Review the formula of compound interest final value.