Question

A simple index of three stocks opens the day with these values:

[name] [number of shares] [price per share]
stock x 2000 shares $3.80
stock Y 1000 shares $3.50
stock z 3000 shares $4.30
The index rises 5.4% over the course of the day. What is the value of the index at the end of the day? Round your answer to the nearest hundred.
A. $25,800
B. $24,000
C. $25,300
D. $24,600

Answer 1

25,300 is right i just had this question on apex

Step-by-step explanation:

Answer 2

Hi there

stock x
3.8×1.054=4.01
2,000×4.01=8,020

stock Y
3.5×1.054=3.69
3.69×1,000=3,690

stock z
4.3×1.054=4.53
4.53×3,000=13,590

the value of the index at the end of the day
13,590+8,020+3,690
=25,300....answer

Hope it helps