You Borrow $3,500 and Will Pay Back the Entire Amount

question 5

Multiple Choice

You borrow $3,500 and will pay back the entire amount in 5 years. You are charged 9 percent interest per year. How much interest do you pay on this loan?

• A)$1,885.18
• B)$1,907.35
• C)$1,959.02
• D)$2,106.81

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Definitions:

Skinner

B.F. Skinner, an American psychologist known for his work in behaviorism and experimental analysis of behavior.

Freud

Sigmund Freud, an Austrian neurologist, established psychoanalysis, which is a therapeutic approach to address psychopathology by facilitating conversations between a patient and a psychoanalyst.

Unconditioned Stimulus

In the context of classical conditioning, a stimulus that naturally and effortlessly induces a response, without the need for prior learning.

Classical Conditioning

A foundational concept in behavioral psychology where an automatic conditioned response is established by pairing a neutral stimulus with an unconditioned stimulus.