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F&=(1 + 0.01)^{240}\\&=1.01^{240}

Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.\begin{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:

Step 2: Substitute data for calculation.Substituting r = 0.01 and n = 240 into the above formula, we can get:Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.