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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:\begin{align*}\begin{align*}

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

\end{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:1.01 {240} \ approximate 10.8926 is calculated by a calculator.