On Your Tenth Birthday, You Received $100 Which You Invested

question 4

Multiple Choice

On your tenth birthday, you received $100 which you invested at 4.5% interest, compounded annually. That investment is now worth $3,000. How old are you today?

• A) age 77
• B) age 82
• C) age 84
• D) age 86
• E) age 87

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Definitions:

Basic Trust

A concept introduced by Erik Erikson, indicating the first stage of psychosocial development, where infants learn whether or not their world is trustworthy based on their caregivers' responsiveness and support.

Gender-typing Behavior

The process by which individuals adopt behaviors and attitudes considered appropriate for their gender according to cultural norms.

Newborn

refers to an infant from birth to about 2 months of age.

5 Years Old

A 5 years old is a child who has reached the age of five, a period characterized by rapid development in language, cognitive skills, and social interaction, typically attending preschool or kindergarten.