If You Banked $27,778 Today at an Interest Rate of 20

question 16

Multiple Choice

If you banked $27,778 today at an interest rate of 20%, how much will you have in two years' time?

• A) $40,000
• B) $27,778
• C) $33,334
• D) $36,000

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Definitions:

Lottery Tickets

Printed or digital tokens purchased for a chance to win a prize in a drawing based on random selection, part of gambling activities.

Reinforcement

A process in behavioral psychology that strengthens a behavior by providing a consequence an individual finds rewarding.

Reinforcement

In behavior psychology, it's a stimulus or event that increases the likelihood of the repetition of the behavior it follows.

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, used in behaviorist research.