If You Invest $100 at 12% APR for Three Years

question 36

Multiple Choice

If you invest $100 at 12% APR for three years, how much would you have at the end of 3 years using compound interest?

• A) $136
• B) $140.49
• C) $240.18
• D) None of the above

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Definitions:

Understanding

The ability to grasp the meaning, significance, or nature of something, often through insight, learning, or comprehension.

Perception

The method by which the sensations experienced at any given moment are interpreted and organized in some meaningful fashion.

Hippocampus

A part of the brain within the temporal lobe, crucial for memory formation and spatial navigation.

Proactive and Retroactive Inhibition

Forms of interference where old information interferes with the learning of new information (proactive) and where new information causes forgetting of old information (retroactive).