10. You invested $1,000 five years ago and that investment is
now worth $1,250. Which of...
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10. You invested $1,000 five years ago and that investment isnow worth $1,250. Which of the following statements is most correctabout the interest earned by your investment: A) Simple interest is4.56% per annum. B) Compound interest is 5.00% per annum. C)Compound interest is 4.56% per annum. D) We don’t have enoughinformation to compute the simple or compound interest. E) None ofthe above.
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