According to the Rule of 72

question 17

Multiple Choice

According to the rule of 72:

• A)Any amount should double in value in 72 months if invested at 10%
• B)72/interest rate is the number of years approximately it will take for an amount to double
• C)72 x interest rate is the number of years it will take for an amount to double
• D)The interest rate divided by the number of years invested will always equal 72%

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Definitions:

Memory Trace

The theoretical concept referring to the physical change in the brain that represents the imprint of an experienced event or piece of information.

Motivated Forgetting

A psychological phenomenon whereby individuals unconsciously block memories of traumatic or disturbing events or information.

Source Amnesia

Faulty memory for how, when, or where information was learned or imagined. (Also called source misattribution.) Source amnesia, along with the misinformation effect, is at the heart of many false memories.

Misinformation Effect

The phenomenon where a person's recall of episodic memories becomes less accurate due to post-event information.