Twelve Years Ago, Jake Invested $2,000

Multiple Choice

Twelve years ago, Jake invested $2,000. Six years ago, Tami invested $4,000. Today, both Jake's and Tami's investments are each worth $9,700. Assume that both Jake and Tami continue to earn their respective rates of return. Which one of the following statements is correct concerning these investments?

A) Three years from today, Jake's investment will be worth more than Tami's.
B) One year ago, Tami's investment was worth more than Jake's.
C) Jake has earned a higher rate of return than Tami.
D) Tami has earned an average annual interest rate of 15.91%.
E) Jake has earned an average annual interest rate of 15.47%.