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\begin{align*}Step 1: Review the formula of compound interest final value.


\begin{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 2: Substitute data for calculation.


Substituting r = 0.01 and n = 240 into the above formula, we can get: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.

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