Solve the Problem. -Austin Invested $12,000 in an Account at 11% Compounded Quarterly

question 162

Multiple Choice

Solve the problem.
-Austin invested $12,000 in an account at 11% compounded quarterly. Find the amount in Austin's account after a period of 3 years.

• A) $4617.41
• B) $16,172.66
• C) $16,411.57
• D) $16,617.41

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Definitions:

Industrial/Organizational Psychologists

Professionals who apply psychological principles and research methods to improve the workplace environment, productivity, and employee-related issues.

Psychotherapy

A therapeutic treatment involving psychological techniques to improve mental health and well-being.

Need For Achievement

A personal motivation to accomplish tasks of increasing difficulty, excel in achievements, and attain high standards.

Yerkes-Dodson Law

A principle suggesting that an optimal level of arousal exists for achieving the best performance on a task; too little or too much arousal can decrease performance.