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Step 1: Review the formula of compound interest final value.Step 1: Review the formula of compound interest final value.1.01 {240} \ approximate 10.8926 is calculated by a calculator.

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:Step 2: Substitute data for calculation.1.01 {240} \ approximate 10.8926 is calculated by a calculator.

\end{align*}&=1.01^{240}\end{align*}