Clint Puts $200 into an Account When the Interest Rate

question 129

Multiple Choice

Clint puts $200 into an account when the interest rate is 8 percent.Later he checks his balance and finds that he has a balance of about $272.10.How many years did Clint wait to check his balance?

• A)3 years
• B)3.5 years
• C)4 years
• D)4.5 years

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Definitions:

Two-Factor Theory

A psychological theory that proposes human emotions consist of two components: physical arousal and a cognitive label for that arousal.

Genetically Inherited Traits

Characteristics or attributes that are passed from parents to offspring through genes.

Environment

The sum of all external conditions and influences affecting the life and development of organisms, including natural and built environments.

Need to Belong

An inherent human drive to form and maintain strong, stable interpersonal relationships.