Question

the nasdaq stock market bubble peaked at 5,360 in 2000. two and a half years later it had fallen to 1,260. what was the percentage decline?

Answer 1

The percentage decline in the NASDAQ stock market value from 5,360 to 1,260 is approximately 76.49%, calculated by finding the difference in value and dividing by the initial value, then multiplying by 100. Therefore, the percentage decline in the NASDAQ stock market value from its peak in 2000 to two and a half years later was approximately 76.49%.

Step-by-step explanation:

The question pertains to calculating the percentage decline of the NASDAQ stock market bubble peak in 2000 to its value two and a half years later. To solve for the percentage decline, we will follow these steps:

1. Determine the difference in value from the peak to the value after the decline, which is the initial value (5,360) minus the final value (1,260).
2. Calculate the difference: 5,360 - 1,260 = 4,100.
3. Find the percentage decline by dividing the difference by the initial value: 4,100 / 5,360.
4. Multiply the result by 100 to get the percentage: (4,100 / 5,360) * 100 gives us approximately 76.49%.

Therefore, the percentage decline in the NASDAQ stock market value from its peak in 2000 to two and a half years later was approximately 76.49%.