If a Married Couple Invests $1,900 in a 1-Year Certificate

question 272

Multiple Choice

If a married couple invests $1,900 in a 1-year certificate of deposit at 5% annual interest, compounded daily, how much interest will be earned during the year?

• A)$97.41
• B)$97.81
• C)$98.41
• D)$68.19
• E)$98.21

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Definitions:

Equipotentiality

The idea that any part of a functional brain area can take over the functions of any other part within that area.

Variable-ratio Schedule

A reinforcement schedule in behavioral psychology where a response is rewarded after an unpredictable number of responses, enhancing its effect on behavior.

Reinforcement

A concept in behaviorism that refers to any event that strengthens or increases the likelihood of a behavior being repeated.

Fixed Number

A fixed number usually refers to a constant quantity or value that does not change in a given context, such as a fixed number of repetitions in an experiment.