e currency exchange service, See results about

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Step 1: Review the formula of compound interest final value.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.1.01 {240} \ approximate 10.8926 is calculated by a calculator.

&=1.01^{240}Step 1: Review the formula of compound interest final value.&=1.01^{240}