Mathematics · Index Numbers
A bank wants to calculate a simple aggregative price index for three financial services: Personal Loans, Credit Cards, and Savings Accounts. If the current year prices for these services are 120, 150, and 100 respectively, and their corresponding base year prices were 100, 120, and 80, what is the calculated simple aggregative price index value for the current period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1125.00
- 2120.00
- 3115.00
- 4123.33✓
Correct answer
123.33
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