Some people buy the stock of small companies. The Russell 2000 index, which tracks the price of such shares, was 772 on December 31, 2007. On December 31, 2015, the index was 1,200. What percent increase is this?

Question

Quizplus · Accepted Answer

The percent increase is calculated by the formula: [(Final Value - Initial Value) / Initial Value] * 100. So, [(1200 - 772) / 772] * 100 = 55.4 percent.

Some People Buy the Stock of Small Companies