Robert Put $15,000 into an Account with a Fixed Interest

question 85

Multiple Choice

Robert put $15,000 into an account with a fixed interest rate two years ago and now the account balance is $16,917.66.What rate of interest did Robert earn?

• A)4.5 percent
• B)5.4 percent
• C)6.2 percent
• D)8.0 percent

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Definitions:

Strong Situation

Situations that have clear behavioral expectations, cues, or scripts that lead individuals to behave in a uniform manner.

Weak Situation

Situations that lack clear expected behaviors, rules, or strong cues on how to act, allowing for more variability in responses.

Self-schema

Cognitive structures that contain beliefs, experiences, and generalizations about the self, influencing how information about the self is processed.

Roommate's Personality

The individual character traits and behaviors of a person with whom one shares living space, influencing the dynamics of cohabitation.