Solve. -Alice Invested Some Money at 19% Simple Interest. at the the End

question 104

Multiple Choice

Solve.
-Alice invested some money at 19% simple interest. At the end of the year the total amount of her original principal and the interest was $11,305. How much did she originally invest?

• A)$214,795
• B)$1805
• C)$9500
• D)$595

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Definitions:

Misinformation Effect

The phenomenon where a person's memory becomes less accurate due to the influence of post-event information.

Correspondent Inference

The tendency to draw conclusions about a person's dispositional characteristics from their behavior.

Causal Relationship

A connection between two variables where a change in one directly affects the change in the other.

Actor-Observer Effect

A psychological phenomenon in which people tend to attribute their own actions to situational factors while attributing other people's actions to their internal characteristics.