Use This Information to Answer the Following Question

question 44

Multiple Choice

Use this information to answer the following question.
-If $200 is invested at 7 percent APR,which of the following formulas would be used to determine to how much the deposit would grow at the end of three years?

• A)$200 × 0.935 × 3
• B)$200 ¸ 0.816
• C)$200 ¸ 2.624 × 3
• D)$200 ×2.624

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Definitions:

Demand Characteristics

Subtle cues or signals in an experiment that communicate to participants how they are expected to behave or respond.

Overconfidence Effect

A cognitive bias where an individual's subjective confidence in their judgments is greater than the objective accuracy of those judgments.

Social Desirability Bias

The tendency of respondents to answer questions in a manner that will be viewed favorably by others, often skewing the results of surveys and studies.

The Squeaky Wheel

An idiomatic expression referring to the idea that the most noticeable problem gets the most attention.