What Simple Interest Rate Per Year Will Give Same Future

question 51

Multiple Choice

What simple interest rate per year will give same future value at the end of 3 years as 10% p.a.compounded semi- annually?

• A)10.00%
• B)11.33%
• C)10.25%
• D)12.50%

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Definitions:

Personality Psychology

The branch of psychology that studies personality and individual differences in behavior, emotions, and thought patterns.

Developmental Psychology

The scientific study of how and why human beings change over the course of their life.

Experimental Psychology

A branch of psychology that studies the mind and behavior by conducting controlled experiments to investigate processes underlying human thoughts, feelings, and actions.

Empiricism

A philosophical perspective that knowledge comes primarily from sensory experience, emphasizing the role of observation and experimentation in the acquisition of knowledge.