Approximately What Interest Rate Is Needed to Double an Investment

question 30

Multiple Choice

Approximately what interest rate is needed to double an investment over eight years?

• A) 8 percent
• B) 9 percent
• C) 12 percent
• D) 100 percent

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Definitions:

Making Attributions

The process of explaining one's own behavior and the behavior of others by assigning causes to these behaviors.

Dissonance Levels

A term used to describe the amount of conflict or inconsistency between an individual's beliefs, attitudes, or behaviors, leading to a state of psychological discomfort.

Initial Impressions

The first and quick opinions we form about others upon meeting them, which are often based on their appearance and behavior.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting cognitions (beliefs, attitudes, or behaviors).