What Rate of Interest Was Earned for $2,000 to Accumulate

question 100

Multiple Choice

What rate of interest was earned for $2,000 to accumulate to be $226,560 after 30 years?

• A)4%
• B)5%
• C)6%
• D)7%
• E)8%

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Definitions:

Restore Body Balance

The process of returning the body to its state of equilibrium, particularly after disturbance in its physical or physiological balance.

Drive

An internal motivational state created by physiological or psychological needs that drive an individual's behavior towards goals or specific outcomes.

Cognitive Learning Approaches

Educational strategies that emphasize understanding, thinking, and problem-solving, as opposed to rote memorization.

Influence Of Reward

The effect that a reward has on motivating and modifying behavior; key in the study of both operant and classical conditioning.