Sharone Had a Net Worth at the Beginning of the Year

question 99

Multiple Choice

Sharone had a net worth at the beginning of the year of $22 000 and she saved $1000, earning 3 percent for one year. During the year she saved $50 each week from her pay cheque in a no-interest chequing account. How much is her net worth at the end of the year?

• A)$25 000
• B)$25 630
• C)$25 600
• D)$23 030

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Definitions:

Gestalt Principle

A theory in psychology that proposes the human brain perceives whole objects rather than merely the sum of their parts.

Closure

The psychological term for the human desire to seek a sense of completeness and certainty in perceiving patterns.

Perceptual Set

A psychological mechanism that influences how we interpret sensory information, often based on our expectations, experiences, and context.

Bottom-up Processing

A type of information processing based on incoming data from the environment to form a perception. It starts with the sensory input and ends with the brain's interpretation of this input.