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Suppose money invested in a hedge fund earns 1% per trading day. There are 250 trading days per year. What will be your annual return

Suppose money invested in a hedge fund earns 1% per trading day. There are 250 trading days per year. What will be your annual return on $100 invested in the fund if the manager allows you to reinvest in the fund the 1% you earn each day?

I am getting confused on what equation to use.

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