Stock Market Bubble If the NASDAQ stock market bubble peaked at 3,750,and two and a half years later it had fallen to 2,200,what would be the percentage decline?

Question

Quizplus · Accepted Answer

To find the percentage decline, we need to use the formula:

Percentage decline = [(original value - new value) / original value] x 100

In this case, the original value is 3,750 and the new value is 2,200.

Percentage decline = [(3,750 - 2,200) / 3,750] x 100
Percentage decline = (1,550 / 3,750) x 100
Percentage decline = 0.4133 x 100
Percentage decline = 41.33%

Therefore, the correct answer is C.

Stock Market Bubble If the NASDAQ Stock Market Bubble Peaked