The Stock Market Index Decreased This Month by One-Thirteenth of Last

question 17

Multiple Choice

The stock market index decreased this month by one-thirteenth of last month's index. If this month's index is 2,400, what was last month's index?

• A) 2,585
• B) 2,320
• C) 2,483
• D) 2,600
• E) 2,215

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Definitions:

Basic Needs

Essential elements required for living, such as food, water, shelter, and clothing.

Lease Period

The duration for which a lease agreement between a lessor and lessee is valid, typically specified in the contract.

Implied Warranty of Possession

A legal guarantee that the seller of a property has the right to transfer ownership without any claims from third parties.

Periodic Tenancy

A leasehold interest in property that continues for successive periods (e.g., month-to-month, year-to-year) until terminated by either party.