Question

The NASDAQ stock market bubble peaked at 5,410 in 2000 . Two and a haif years later it had fallen to 1,295 . What was the percentage decline? (Negative answer should be indicated with a minus sign. Ro

Answer 1

TheThe percentage decline in the NASDAQ stock market from its peak of 5,410 in 2000 to 1,295 two and a half years later can be calculated as follows:Percentage decline = ((Initial value - Final value)/Initial value) x 100Where, Initial value = 5,410Final value = 1,295Therefore,Percentage decline = ((5,410 - 1,295)/5,410) x 100= (4,115/5,410) x 100= 0.7616 x 100= 76.16%Thus, the percentage decline in the NASDAQ stock market was 76.16%.