Kate Davidson Signed a Simple Discount Note for $9,000

question 60

Multiple Choice

Kate Davidson signed a simple discount note for $9,000. The discount rate is 5%, and the term of the note is 18 months. What is the effective interest rate? (Round to the nearest tenth percent)

• A) 5.4%
• B) 6.2%
• C) 4.9%
• D) 3.8%

Explore the impact of unexpected rewards on intrinsic motivation.

Understand ethical considerations in psychological research, including the use of animals.

Grasp the difference between correlation and causation, and the limitations of correlational research.

Be able to design basic correlational and experimental studies in psychology.

---

Definitions:

Extravert

An individual who is outgoing and draws energy from being around other people, as opposed to solitude.

Evolutionary Approach

A perspective that explains psychological traits as adaptations shaped by natural selection.

Innovative Problem

A unique or novel challenge that requires creative and novel solutions, often pushing the boundaries of current knowledge and methods.

Openness To Experience

A personality trait characterized by a willingness to try new things, engage in imaginative activities, and embrace novel ideas.