An Account Was Opened with $1,000 Three Years Ago

question 270

Multiple Choice

An account was opened with $1,000 three years ago. Today, the account balance is $1,157.63. If the account earns simple interest, how long will it take until the account has earned a total of $225 in
Interest?

• A) Less than one more year.
• B) Between one and two more years.
• C) Between two and three more years.
• D) Between three and four more years.
• E) Between four and five more years.

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Definitions:

Powerlessness

A state of feeling unable to control or influence events or outcomes, often leading to frustration or resignation.

Job Enrichment

The process of making a job more rewarding, engaging, and satisfying by adding more meaningful tasks and duties.

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Information provided regarding aspects of one's performance or understanding, intended to afford insight and foster improvement.

Reinforcement

In psychology, a concept that an action or behavior will be strengthened by its consequences, often used in behaviorist learning theories.