You Invested $1,000 for Five Years in an Account That

Multiple Choice

You invested $1,000 for five years in an account that earns 5 percent. However, today you learn that you are able to move the account into an investment that earns 10 percent. Which of the following statements is correct?

A) If you select the investment earning 10 percent, you will double your profit.
B) If you select the investment earning 10 percent, you will more than double your profit.
C) If you select the investment earning 10 percent, your profit will be less than double.
D) None of the statements is correct.