Solve the Problem. -The Value of Her House Today Is 400% More Than

question 285

Multiple Choice

Solve the problem.
-The value of her house today is 400% more than when she bought it. Determine which of the statement's below is true.

• A)The value of her house today is 5 times what it was when she bought it.
• B)The value of her house today is 400% of the value when she bought it.
• C)The value of her house today is 4 times what it was when she bought it.
• D)The value of her house today is 500% more than when she bought it.

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Definitions:

Price-Weighted Index

A stock market index in which each stock influences the index in proportion to its price per share.

Share Prices

The current price at which a company's shares can be bought or sold in the stock market.

Market Values

The present cost at which a service or asset is available for purchase or sale on the open market.

Yield to Maturity

The total return anticipated on a bond if it is held until the end of its lifetime.