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

Step 2: Substitute data for calculation.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.

&=1.01^{240}\end{align*}