You Have $100,000 in Your Account

question 86

Multiple Choice

You have $100,000 in your account. Assuming no additional deposits are made and your account earns 15 percent per year, how long will it take for the account to have a balance of $500,000?

• A) 10.28 years
• B) 11.09 years
• C) 11.52 years
• D) 12.64 years

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Definitions:

Drive Reduction

A theory of motivation suggesting that behavior is motivated by the desire to reduce internal drives caused by unmet physiological needs.

Food Deprivation

The state of being kept from food, leading to feelings of hunger and possibly affecting physical and mental health.

Basal Metabolic Rate

A measure of the amount of energy expended while at rest in a neutrally temperate environment; it reflects the energy required to maintain the body's basic physiological functions.

Lateral Hypothalamus

An area of the brain that plays a critical role in regulating hunger and thirst.