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Step 2: Substitute data for calculation.Substituting r = 0.01 and n = 240 into the above formula, we can get:\end{align*}

&=1.01^{240}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?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.\end{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?