College Physics (4th Edition)

Published by McGraw-Hill Education
ISBN 10: 0073512141
ISBN 13: 978-0-07351-214-3

Chapter 1 - Problems: 8

Answer

The net percentage change in the stock market index is 0.25%

Work Step by Step

Let P be the original stock market index. On Monday, the stock market index is 1.0500 P On Tuesday, the stock market index is $(0.9500)(1.0500)P = 0.9975 ~P$ We can find the percentage change in the stock market. $\frac{(0.9975~P)-(P)}{P}\times 100\% = -0.25\%$ The net percentage change in the stock market index is 0.25%
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.