Determine Whether the Statement Is True or False

question 36

Multiple Choice

Determine whether the statement is true or false. ​
Susan's salary increased from $40,000/year to $50,000/year over a 4-year period. Therefore, Susan got annual increases of 4% over that period.
​

• A) True. This follows from formula A = P(1 + rt).
• B) False. If Susan had gotten annual increases of 4 percent over 4 years, her salary would have been , or approximately $46,794.34 after 4 years, not $50,000. ​

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Definitions:

Assortative Mating

A mating pattern where individuals with similar phenotypic or genetic traits tend to mate with each other more frequently than would be expected under a random mating pattern.

Marriage Market

Refers to a sociological concept in which prospective partners evaluate each other's assets and liabilities before committing to a marriage or long-term relationship.

Protestantism

A branch of Christianity that originated with the Reformation, a movement against what its followers considered excesses and errors of the Catholic Church.

Literacy Monopoly

The concentration of the ability to read and write within a specific group, limiting access to knowledge and power to others.