Ten years ago, Joe invested $5,000. Five years ago, Marie invested $2,500. Today, both Joe and Marie's investments are each worth $8,500. Which one of the following statements is correct
Concerning their investments?
A) Three years from today, Joe's investment will be worth more than Marie's.
B) Last year, Marie's investment was worth more than Joe's.
C) Joe has earned more interest on interest than Marie.
D) Marie earned an annual interest rate of 27.73%.
E) Joe earned an annual interest rate of 6.45%.
Correct Answer:
Verified
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