If the Interest Rate Is R% Then the Rule of 70

question 120

Multiple Choice

If the interest rate is r% then the rule of 70 says that your savings will double about every

• A)70/(1-r) years.
• B)70/(1+r) years.
• C)70/r years.
• D)70(1+r)/r years.

Recognize the factors that influence the occurrence of group polarization.

Understand the role of anonymity and self-awareness in influencing social behavior and accountability.

Analyze how group dynamics can lead to an enhancement or suppression of individual opinions.

Explain how social and environmental cues can influence the behavior of individuals in groups.

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Definitions:

South Americans

Inhabitants of South America, a continent rich in cultural diversity and geographical landmarks.

Exception Fallacy

A logical error that occurs when someone assumes that an exceptional case can represent the entirety of a situation, thereby making broad generalizations from a single, atypical instance.

Entire Group

All members or elements within a specified collection, category, or set without exception.

Institutional Prejudice

Discrimination that is entrenched within the policies, practices, and structures of organizations or societies.