Farou Invests $2,000 at 8% Interest

question 110

Multiple Choice

Farou invests $2,000 at 8% interest.About how long will it take for Farou to double his investment ?

• A)4 years
• B)5 years
• C)8 years
• D)9 years

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Definitions:

Reciprocal Determinism

A concept in psychology that suggests an individual's behavior is both influenced by and influences personal factors and the environment simultaneously.

Maslow's Concept

Refers to Maslow's hierarchy of needs, a theory in psychology proposed by Abraham Maslow in 1943, which posits that people are motivated by five basic categories of needs: physiological, safety, love and belonging, esteem, and self-actualization.

Humanistic Approach

The Humanistic Approach in psychology emphasizes individual potential and stresses the importance of growth and self-actualization.

Subjective Nature

The characteristic of being grounded in or swayed by individual emotions, preferences, or viewpoints.