If R100 Is Placed in an Account That Earns a Simple

question 16

Multiple Choice

If R100 is placed in an account that earns a simple 4 percent, compounded quarterly, what will it be worth in 5 years?

• A) R122.02
• B) R105.10
• C) R135.41
• D) R120.90
• E) R117.48

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Definitions:

Lowball Technique

A persuasive strategy where an initially favorable offer is made, then changed to make it less favorable once initial commitment is achieved.

Lesser Request

A technique in persuasion and social influence where a more modest request is made after a larger one has been turned down, increasing the likelihood of compliance.

Door-In-The-Face Technique

A persuasion strategy where a large, possibly unreasonable request is made first with the expectation of refusal, followed by a smaller, more reasonable request.

Openness To Differing Opinions

Openness to Differing Opinions refers to the willingness to consider and value perspectives and ideas different from one's own.