Suppose Earth Collapsed Down to One- Hundredth [1/100] of Its

question 57

Multiple Choice

Suppose Earth collapsed down to one- hundredth [1/100] of its present radius. How would this affect your weight? Your weight would be

• A) increased by a factor of 100.
• B) unchanged.
• C) increased by a factor of 10,000.
• D) reduced by a factor of 100.
• E) increased by a factor of 1000.

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Definitions:

Maturity Value

The sum owed to an investor at the conclusion of a fixed-duration investment, encompassing both the original amount invested and the accrued interest.

Promissory Note

A financial instrument constituting a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Simple Interest

Interest calculated solely on the principal amount of a loan or deposit, without compounding.

Consecutive GICs

A sequence of Guaranteed Investment Certificates held one after another, often to create a ladder strategy for managing interest rate risk.