At the beginning of 2024, a university endowment fund was reallocated across various asset classes. Over the course of 2024, the total value of the endowment fund increased by . In 2025, market downturns caused the total value of the fund to decrease by relative to its value at the end of 2024. If the total value of the endowment fund at the end of 2025 was , what was the total value of the fund at the beginning of 2024?
- A
- B
- C
- D
- Cevap
Cevap
The option stating is correct because a increase followed by a decrease corresponds to multiplying the initial value by . Solving yields .
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Successive Percent Changes and Base Value Calculation
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