Approximately How Long Will It Take an Investment Of $\$ 300$

question 28

Multiple Choice

Approximately how long will it take an investment of $\$ 300$ to triple, if the interest rate is $3.5 \%$ Per year compounded continuously?

• A) \(3.5 \text { years }\)
• B) \(21 \text { years }\)
• C) \(13 \text { years }\)
• D) \(31 \text { years }\)
• E) \(9 \text { years }\)

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Definitions:

Classical Conditioning

A learning process in which a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit a similar response.

Flashbulb Memory

A highly detailed and vivid memory of a momentous or emotionally significant event, which feels as if it has been captured in a photograph.

Implicit Memory

A type of memory that enables us to perform tasks without conscious awareness of these previous experiences, such as riding a bike.

Procedural Memory

A type of long-term memory responsible for knowing how to perform different actions and skills.