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

F&=(1 + 0.01)^{240}\\&=1.01^{240}We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:

Substituting r = 0.01 and n = 240 into the above formula, we can get:Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.