If You Invest $1, 000 in a Savings Account and the Annual

question 36

Multiple Choice

If you invest $1, 000 in a savings account and the annual interest rate is 3.6 percent, your account balance will double in value in approximately _____ years.

• A)185 years
• B)72 years
• C)34 years
• D)20 years
• E)3.4 years

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Definitions:

Nonexperimental Method

Use of measurement of variables to determine whether variables are related to one another. Also called correlational method.

Nonexperimental Method

A research method where the researcher observes and records behavior without manipulating any variables.

Experimental Control

The process of keeping variables constant or regulating external factors to ensure that observed effects are due to manipulated variables only.

Independent Variable

A manipulated factor in an experiment, chosen to determine its potential effect on a dependent outcome.