George Puts $200 into an Account When the Interest Rate

question 355

Multiple Choice

George puts $200 into an account when the interest rate is 8 percent. Later he checks his balance and finds that he has a balance of about $272.10. How many years did he wait to check his balance?

• A)3 years
• B)3.5 years
• C)4 years
• D)4.5 years

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Definitions:

Embezzling

The act of dishonestly withholding or stealing funds that have been entrusted to one's care, typically in a workplace setting.

Dissociation

A psychological experience where a person feels disconnected from their thoughts, feelings, memories, or sense of identity.

Detachment

A state of emotional disconnection or withdrawal, often as a defense mechanism to avoid distress.

Dissociative Disorder

A mental disorder characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.