If $1,000 Were Invested Now at a 12% Interest Rate

question 137

Multiple Choice

If $1,000 were invested now at a 12% interest rate compounded annually, what would be the value of the investment in two years?

• A) $1,254
• B) $1,210
• C) $1,188
• D) $1,160

---

Definitions:

Industrial-Organizational Psychologist

A psychologist who applies psychological theories and principles to organizations and the workplace to improve productivity, work quality, and employee well-being.

Applied Research

Research aimed at solving practical problems rather than acquiring knowledge for knowledge's sake.

Introspection

The examination of one’s own conscious thoughts and feelings, often used in psychological research to explore mental states.

Structuralism

An early approach in psychology that analyzed the structure of the mind by breaking down mental processes into their most basic components.