Assume That the Amount of Money Deposited in a Bank $24 \%$

question 72

Multiple Choice

Assume that the amount of money deposited in a bank is proportional to the square of the interest rate the bank pays on this money. Furthermore, the bank can reinvest this money at 36%.
Find the interest rate the bank should pay to maximize profit. (Use the simple interest formula.)

• A) \(24 \%\)
• B) \(29 \%\)
• C) \(27 \%\)
• D) \(36 \%\)
• E) \(21 \%\)

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Definitions:

Observer Discrimination

The ability of an observer to distinguish between different behaviors or stimuli accurately during observation.

Permanent Products

Outputs or results of a behavior that can be measured and remain after the behavior has occurred, serving as evidence of the behavior.

Frequency

The rate at which a particular action or event occurs over a defined period.

Anecdotal

Pertains to personal accounts or observations that are usually informal or unofficial in nature.