F&=(1 + 0.01)^{240}\\1.01 {240} \ approximate 10.8926 is calculated by a calculator.\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:Step 1: Review the formula of compound interest final value.
1.01 {240} \ approximate 10.8926 is calculated by a calculator.1.01 {240} \ approximate 10.8926 is calculated by a calculator.\end{align*}