central bank money, snippets

\begin{align*}Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Step 2: Substitute data for calculation.

&=1.01^{240}This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?