Question

The stock market in 2008 has gone through drastic changes. On December 3rd, 2008 the Dow Jones Industrial Average (DJIA) closed the day at 8,591.69 points. On December 4th of the same year, the DJIA decreased by 2.51% of its December 3rd closing. On December 5th of the same year, the DJIA increased by 3.09% of its December 4th closing. Determine what the DJIA closed at on December 5th. Round your answer to the nearest point.
a.
8,631.78 points
c.
8,634.86 points
b.
8,750.35 points
d.
9,079.49 points

Answer 1

Answer:

C, 8,634.86

Step-by-step explanation:

Starting with 8,591.69

2.51% of 8,591.69 is 215.651419

subtract that from 8,591.69 and you get 8376.038581

3.09% of 8376.038581 is 258.819592153

258.819592153+8376.038581=8634.85817315

8,634.86 is your final answer