Margaret Invests at 6% Simple Interest for Six Years

question 20

Multiple Choice

Margaret invests at 6% simple interest for six years. Pete invests at 6%, compounded annually, for eight years. Sylvia invests for eight years at 6% simple interest. Which one of the following
Statements is correct if all three individuals invested the same amount of money on the same day?

• A) Margaret will have more money than Sylvia at the end of three years.
• B) Pete will have more money than either Margaret or Sylvia at the end of four years.
• C) Sylvia will have more money than either Margaret or Pete at the end of six years.
• D) Margaret will have less money than Pete but more money than Sylvia at the end of five years.
• E) Sylvia and Margaret will have more money than Pete at the end of six years.

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Definitions:

Myers Briggs

A personality inventory based on Carl Jung's theories, categorizing individuals into 16 different personality types based on preferences in how they perceive the world and make decisions.

Psychological Types

A concept introduced by Carl Jung that categorizes individuals based on their preferences in processing information, making decisions, and energizing.

PAI

An abbreviation for Personality Assessment Inventory, a self-administered questionnaire designed to assess various psychological traits and disorders.

Clinical Disorders

Health conditions or diseases that are identified and diagnosed based on a set of clinical criteria, often requiring medical intervention.