Solve. -How Long Will It Take for $8600 to Grow to to $35,700

question 133

Multiple Choice

Solve.
-How long will it take for $8600 to grow to $35,700 at an interest rate of 7.1% if the interest is compounded continuously? Round the number of years to the nearest hundredth.

• A) 20.05 yr
• B) 2.00 yr
• C) 2 yr
• D) 2004.77 yr

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Definitions:

Fixed-Interval Schedule

A type of reinforcement schedule in operant conditioning where rewards are delivered at fixed time intervals, provided the correct response is made.

Stimulus Generalisation

The psychological phenomenon in which responses to a specific stimulus become triggered by stimuli that are similar in some way to the original stimulus.

Variable-Ratio Schedule

A reinforcement schedule in which a response is rewarded after an unpredictable number of responses, making the reward random.

Fixed-Ratio

A type of reinforcement schedule in operant conditioning where a response is reinforced only after a specified number of responses have occurred.