How Long Will It Take $50,000 Placed in a Savings

question 61

Multiple Choice

How long will it take $50,000 placed in a savings account at 10% interest to grow into $75,000?

• A) 4.25 years
• B) 3.25 years
• C) 5.25 years
• D) 6.25 years

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Definitions:

Behavior Modification

Behavior modification involves altering behavior through systematic techniques based on learning principles, used in therapeutic and educational settings.

Cognitive Psychology

The branch of psychology that studies mental processes including how people think, perceive, remember, and learn.

Austrian Psychiatrist

Refers to a psychiatrist from Austria, which could historically include figures like Sigmund Freud who is renowned for his contributions to psychoanalysis.

Inappropriate Behaviors

Actions or conduct that are not suitable or proper in a given context or situation.