F&=(1 + 0.01)^{240}\\Step 2: Substitute data for calculation.
\begin{align*}\begin{align*}\end{align*}
We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:\end{align*}\begin{align*}
Strategy guide 12-14
Strategy guide
12-14
Strategy guide 12-14
Strategy guide 12-14