23.03.2023 - 18:18

PNC Bank, Inc., which has its headquarters in Pittsburgh, Pennsylvania, reported $17,446 (million) in commercial loans in 1995, $19,989 in 1997, $21,468 in 1999, $21,685 in 2000, $15,922 in 2002 and $18,375 for 2004. Using 1995 as the base, develop a simp

PNC Bank, Inc., which has its headquarters in Pittsburgh, Pennsylvania, reported $17,446 (million) in commercial loans in 1995, $19,989 in 1997, $21,468 in 1999, $21,685 in 2000, $15,922 in 2002 and $18,375 for 2004. Using 1995 as the base, develop a simple index for the change in the amount of commercial loans for the years 1997, 1999, 2000, 2002 and 2004, based on 1995. (Round your answers to 1 decimal place.)

Answers (1)
  • ALtan
    April 7, 2023 в 01:14

    To calculate the simple index for the change in the amount of commercial loans for the years 1997, 1999, 2000, 2002, and 2004, based on 1995, we need to use the following formula:

    Simple Index = (Current Year Amount / Base Year Amount) x 100

    Where, the base year is 1995, and we want to calculate the index for the years 1997, 1999, 2000, 2002, and 2004.

    Using the above formula, we get:

    • Simple Index for 1997 = ($19,989 / $17,446) x 100 = 114.7
    • Simple Index for 1999 = ($21,468 / $17,446) x 100 = 123.0
    • Simple Index for 2000 = ($21,685 / $17,446) x 100 = 124.2
    • Simple Index for 2002 = ($15,922 / $17,446) x 100 = 91.4
    • Simple Index for 2004 = ($18,375 / $17,446) x 100 = 105.3

    Therefore, the simple index for the change in the amount of commercial loans for the years 1997, 1999, 2000, 2002, and 2004, based on 1995, are 114.7, 123.0, 124.2, 91.4, and 105.3 respectively.

    These indexes represent the percentage change in the amount of commercial loans from the base year 1995 for each of the given years. For example, the simple index of 114.7 for 1997 indicates that the amount of commercial loans in 1997 was 114.7% of the amount in 1995. Similarly, the simple index of 91.4 for 2002 indicates that the amount of commercial loans in 2002 was 91.4% of the amount in 1995.

Do you know the answer?
Not sure about the answer?
Find the right answer to the question PNC Bank, Inc., which has its headquarters in Pittsburgh, Pennsylvania, reported $17,446 (million) in commercial loans in 1995, $19,989 in 1997, $21,468 in 1999, $21,685 in 2000, $15,922 in 2002 and $18,375 for 2004. Using 1995 as the base, develop a simp by subject Economic growth, and if there is no answer or no one has given the right answer, then use the search and try to find the answer among similar questions.
Search for other answers
New questions in the category: Economic growth
Authorization
*
*

Password generation