Interest Rate: Ray Has $5,000 to Invest in a Small

question 83

Multiple Choice

Interest rate: Ray has $5,000 to invest in a small business venture. His partner has promised to pay him back $8,200 in five years. What is the return earned on this investment?

• A) 9.3%
• B) 8.7%
• C) 11.1%
• D) 10.4%

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Definitions:

Untrustworthy

Describes something or someone deemed not reliable or dependable.

Psychological Research

The scientific study of behavior, cognitive functions, and emotional processes in humans and animals through various methods and techniques.

Double-blind Procedure

A research method in which neither the participants nor the experimenters know who is receiving a particular treatment, to prevent bias.

Experimenter Bias

Experimenter bias is a form of bias that occurs when a researcher's expectations or preferences about the outcome of a study influence the results.