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28 January, 19:42

An index has a market value of $689,400 at the beginning of the period and $722,009 at the end of the period. If you want the beginning index value to be 100, what is the ending index value?

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  1. 28 January, 21:04
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    The ending index value is 104.73

    Explanation:

    we will simply divide the end of the period value over the beginning of the period and then multiply by 100 to get the ending period index.

    722,009 / 689,400 x 100 = 104,73

    The following periods will also be converted into a price index considering the base year. We will not use the previous year base price.
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Home » Business » An index has a market value of $689,400 at the beginning of the period and $722,009 at the end of the period. If you want the beginning index value to be 100, what is the ending index value?
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