If the Dow Jones Industrial Average Is at 10,205 and It

question 109

Multiple Choice

If the Dow Jones Industrial Average is at 10,205 and it is up 4% from the previous day, what was the index at the close of the market the previous day?

• A) 10,201.0
• B) 9,805.0
• C) 9,812.5
• D) 9800. 0

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Definitions:

Logarithms

The exponent or power to which a base must be raised to produce a given number, typically used in solving exponential equations.

Condense

In mathematics, to simplify an expression or equation by combining like terms or using algebraic methods to make it more compact.

Solve

To find the value or values of the variables that satisfy an equation, inequality, or a system of equations.

Equation

A mathematical statement that asserts the equality of two expressions, usually denoted by the sign =.