Solve
-Use the Formula $\mathrm { A } = \mathrm { P } ( 1 + \mathrm { r } ) ^ { \mathrm { t } }$

question 131

Multiple Choice

Solve.
-Use the formula $\mathrm { A } = \mathrm { P } ( 1 + \mathrm { r } ) ^ { \mathrm { t } }$ . Find the rate, $\mathrm { r }$ , at which $\$ 1400$ grows to $\$ 1573$ in 2 years.

• A) \(7 \%\)
• B) \(5 \%\)
• C) \(6 \%\)
• D) \(12 \%\)

---

Definitions:

Development Stages

Distinct phases of growth and development that humans go through from birth to adulthood, often described in psychological theories.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, arranging human needs in a hierarchy, suggesting people are motivated to fulfill basic needs before moving on to other, more advanced needs.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Physiological

Pertaining to the functions and activities of living organisms and their parts.