A Principal of $2000 Is Invested at 5% Interest

question 4

Multiple Choice

A principal of $2000 is invested at 5% interest.Find the amount after 10 years if the interest is compounded annually. ​

• A)$3261.79
• B)$3258.79
• C)$3259.79
• D)$3257.79
• E)$3260.79

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Definitions:

Freud's Theory

A psychoanalytic framework proposed by Sigmund Freud that emphasizes unconscious processes and childhood experiences in shaping personality.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud that emphasizes unconscious motivations and conflicts.

Id

In psychoanalytic theory, the part of the mind that is the source of instinctive impulses and demands for immediate satisfaction of primitive needs.

Ego

In Freudian theory, the part of the personality that mediates among the demands of the id, the superego, and reality.