If the Value of the Principal Today Is $10,250 and the Interest

question 23

Multiple Choice

If the value of the principal today is $10,250 and the interest rate is 1.5%,what is the value of the principal at the end of three years?

• A)$10,540.45
• B)$10,718.20
• C)$10,900.35
• D)$12,245.45
• E)$12,234.43

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Definitions:

Amnesia

Partial or total loss of memory.

Implicit Memory

A type of memory that is unconsciously and effortlessly retrieved, affecting thoughts and behaviors, including skills and conditioned responses.

Explicit Memory

Conscious memory: subjects can retrieve an item and indicate that they know the retrieved item is the correct one.

Declarative Memory

Ability to recount what one knows, to detail the time, place, and circumstances of events; often lost in amnesia.