You Can Put Your $100 in Bank a That Pays

question 9

Multiple Choice

You can put your $100 in Bank A that pays 8% at the end of the year.You can also put your $100 in Bank B that pays 4% at the end of six months and then 4% again at the end of the year.You will keep your $100 and all interest in the bank.At the end of the year

• A) the total will be the same at both banks.
• B) the total at Bank A will be greater.
• C) the total at Bank B will be greater.
• D) the total could be larger at either bank.

---

Definitions:

Life Context

The combination of personal, social, and environmental factors that influence an individual's experiences and decision-making.

Worldview

A particular philosophy of life or conception of the world held by an individual or a group.

Projection

A psychological defense mechanism where individuals attribute their own unacceptable thoughts or feelings to others.

Sounding Board

An individual or group used to test out ideas or opinions to gain feedback or insights.