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

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

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.