Jim Just Deposited $13,000 into His Account at Traditions Bank

question 23

Multiple Choice

Jim just deposited $13,000 into his account at Traditions Bank.The bank will pay 1.3 percent interest,compounded annually,on this account.How much interest on interest will he earn over the next 15 years?

• A)$238.16
• B)$244.20
• C)$360.70
• D)$606.15
• E)$623.70

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Definitions:

Desired Behaviour

The specific actions or reactions that an organization or individual aims to elicit from others, typically to achieve a certain goal or outcome.

Reinforcement Schedule

A pattern that determines how often a desired behavior is reinforced in operant conditioning, influencing how quickly and robustly that behavior is learned.

Negative Reinforcement

A behavioral principle where the removal of an unfavorable outcome or stimulus strengthens a desired behavior.

Operant Conditioning

A learning method that uses rewards and punishments to shape behavior.