If You Invest $7500 for a Year at 7

question 20

Multiple Choice

If you invest $7500 for a year at 7.4% per annum simple interest,what is the value of your investment at the end of the year?

• A) $555.00
• B) $5550.00
• C) $8055.00
• D) $13 050.00

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Definitions:

Social Anxiety

Social Anxiety is a chronic mental health condition characterized by an intense fear or anxiety of being judged, negatively evaluated, or rejected in a social or performance situation.

Erikson

Refers to Erik H. Erikson, a developmental psychologist known for his theory on the psychological development of humans, marked by eight stages from infancy to adulthood.

Freud

The founder of psychoanalysis, a groundbreaking theory and method of treating psychological disorders and understanding human behavior through the unconscious mind.

Autonomy

The capacity to make an informed, uncoerced decision, or the right of individuals to govern themselves.