An index has a market value of $695,200 at the beginning of the period and $735,000 at the end of the period. If you want the beginning index value to be 100, what is the ending index value?
A)104.73
B)105.42
C)105.72
D)105.89
E)106.72

Question

Quizplus · Accepted Answer

To find the ending index value, we need to divide the ending market value by the beginning market value and multiply by 100:

Ending index value = (ending market value / beginning market value) x 100
Ending index value = (735,000 / 695,200) x 100
Ending index value = 1.0572 x 100
Ending index value = 105.72

Therefore, the ending index value is 105.72, so the best choice is C.

An Index Has a Market Value of $695,200 at the Beginning