Suppose You Put R100 into a Savings Account Today, the Account

question 70

Multiple Choice

Suppose you put R100 into a savings account today, the account pays a simple annual interest rate of 6 percent, but compounded semi-annually, and you withdraw R100 after 6 months.What would your ending balance be 20 years after the initial R100 deposit was made?

• A) R226.20
• B) R115.35
• C) R62.91
• D) R9.50
• E) R3.00

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Definitions:

Neo-Freudian

Neo-Freudian refers to psychologists and theorists who adopted and adapted Freud's original psychoanalytic theory, emphasizing social and cultural determinants of behavior over innate biological urges.

Alfred Adler

Austrian psychiatrist who founded the school of individual psychology, emphasizing the importance of feelings of inferiority and the creative self in personality development.

Rationalization

A defense mechanism where controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.

Defense Mechanism

Psychological strategies brought into play by the unconscious mind to manipulate, deny, or distort reality in order to defend against feelings of anxiety and unacceptable impulses and maintain self-schema.