By the Rule of 72,what Annual Interest Rate Would Be

question 52

Multiple Choice

By the Rule of 72,what annual interest rate would be required to turn $100 into $200 in approximately six years?

• A)4%
• B)8%
• C)12%
• D)16%

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Definitions:

Self-Serving Bias

The common human tendency to attribute success to personal factors and failures to external factors for oneself.

Success Responsibility

The notion that individuals are accountable for their achievements and should take credit for their successes.

Medical Model

The concept that diseases, in this case psychological disorders, have physical causes that can be diagnosed, treated, and, in most cases, cured, often through treatment in a hospital.

Dissociative Identity Disorder

A psychological disorder characterized by the presence of two or more distinct personality states or identities in an individual.