How Long Will It Take $50,000 Placed in a Term

question 50

Multiple Choice

How long will it take $50,000 placed in a term deposit at 10% interest to grow into $75,000?

• A) 5.25 years
• B) 5.50 years
• C) 5.00 years
• D) 4.25 years

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Definitions:

Flexible Self

the ability of an individual to adapt their behaviors, attitudes, and perceptions in response to different situations, challenges, or environments.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their culture, contributing to their personal development and social identity.

Adolescent Peer Groups

Social groups consisting of adolescents who share similar interests, values, or backgrounds, significantly influencing their socialization and identity.

Socialization

Socialization is the process by which individuals learn and internalize the values, beliefs, and norms of their society, shaping their identity and behavior.