Phil Has $2,000,and He Needs It to Grow to $4,000

question 48

Multiple Choice

Phil has $2,000,and he needs it to grow to $4,000 in 8 years.Assuming he does not add any more money to this fund,what rate of interest would he need to earn? (Round off the rate of interest to the nearest whole number.)

• A)6%
• B)7%
• C)8%
• D)9%
• E)10%

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Definitions:

Attraction Structure

The pattern or framework of how attractions (social, sexual, or otherwise) are organized within a social group or society.

Interactionist Theory

A theory that emphasizes that the development of individuals is shaped by the interaction of personal characteristics and the environmental or social context.

Psychological Dynamic

The interplay of various psychological forces or factors that influence behavior and mental states.

Task Roles

Specific functions or responsibilities undertaken by members of a team or group to achieve the collective objective effectively.