Use the Following Information to Answer the Question(s)below

question 43

Multiple Choice

Use the following information to answer the question(s) below.
Your great aunt Matilda put some money in an account for you on the day you were born.This account pays 8% interest per year.On your 21st birthday the account balance was $5033.83.
-The amount of money that your great aunt Matilda originally put in the account is closest to:

• A)$600.
• B)$800.
• C)$1000.
• D)$1200.

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Definitions:

Ebbinghaus

Refers to Hermann Ebbinghaus, a German psychologist famous for his research on memory and learning, particularly known for the forgetting curve and the spacing effect.

Memory Loss

A decrease in the ability to remember information, events, or how to perform tasks, which can be temporary or permanent.

Encoding Failure

The inability to create a memory link between sensed information and the ability to recall it later, leading to forgetting.

Poor Memory

A condition characterized by the consistent inability to remember information or events accurately, affecting an individual's day-to-day activities and learning processes.