How to translate volatility over time; i.e., scale volatility per the square root rule (FRM T1-3)

We typically scale volatility with the square root rule, but keep in mind the key assumption (i.i.d. returns). I APOLOGIZE that the bottom-right corner is obstructed by my web camera. It contains Expected return = +10.0% such that the Absolute VaR = -10%*10/250 + 2.326*20%*sqrt(10/250); i.e., the drift scales linearly. [Here is the XLS I used if you are interested: http://trtl.bz/2wJaJEf]

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