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&=1.01^{240}Step 2: Substitute data for calculation.Step 2: Substitute data for calculation.

1.01 {240} \ approximate 10.8926 is calculated by a calculator.Substituting r = 0.01 and n = 240 into the above formula, we can get:If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?

Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.\end{align*}