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F&=(1 + 0.01)^{240}\\Substituting r = 0.01 and n = 240 into the above formula, we can get:\begin{align*}

&=1.01^{240}F&=(1 + 0.01)^{240}\\Step 2: Substitute data for calculation.

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?&=1.01^{240}