Answered

Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Question 3
the stock market crash of 1929 saw many share prices collapse to a fraction of their previous value. the worst period for this were the two
days monday, october 28 and tuesday, october 29 in which the dow jones industrial average dropped by a total of 25% to a value of 198
points. what was its value before the 2-day drop?

Sagot :

Using proportions, it is found that it's value before the 2-day drop was of 264 points.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three.

In this problem, the value dropped by 25%, that is, it was 75% of the original amount, and the dropped value was of 198 points, hence the original amount was:

0.75x = 198

x = 198/0.75

x = 264

More can be learned about proportions at https://brainly.com/question/24372153

#SPJ1

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.