Question

the nasdaq stock market bubble peaked at 5,170 in 2000. two and a half years later it had fallen to 1,315. what was the percentage decline? (negative answer should be indicated with a minus sign. round your answer to 2 decimal places.)

Answer 1

The percentage decline of the NASDAQ stock market from its peak of 5,170 in 2000 to 1,315 two and a half years later is approximately 74.56%.

Step-by-step explanation:

The question asks for the percentage decline of the NASDAQ stock market from its peak at 5,170 in 2000 to its value at 1,315 two and a half years later. To find the percentage decrease, we use the formula:

Percentage Decrease = ((Original Value - New Value) / Original Value) × 100%

Substituting the given values, we get:

Percentage Decrease = ((5,170 - 1,315) / 5,170) × 100% = (3,855 / 5,170) × 100%

Calculating the division, we get:

Percentage Decrease = 0.74564 × 100%

Rounded to two decimal places, the percentage decrease is:

Percentage Decrease = 74.56%

Therefore, the NASDAQ stock market experienced a decline of approximately 74.56% from its peak in 2000 to two and a half years later.