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What is the Stroop effect? Describe a principle of cognition that the task's results reveal.
Simple Interest Rate
The percentage of an amount of money which is paid as interest for a certain period of time, without compounding.
Investment
Allocation of resources, usually money, in expectation of a future return or profit.
Interest
The cost of borrowing money or the return on investment, typically expressed as a percentage.
Interest Rate
The percentage at which interest is paid by a borrower for the use of money, or what a lender earns on an investment, over a specific period.
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