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This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.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:&=1.01^{240}&=1.01^{240}

Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Step 1: Review the formula of compound interest final value.\end{align*}