Rashmi's Grandmother Deposited $100 in an Investment Account for Her

Multiple Choice

Rashmi's grandmother deposited $100 in an investment account for her when she was born, 25 years ago.The account is now worth $1500.What was the average rate of return on the account? Which of the following is a correct way to solve this problem using Excel?

A) = PV(25,i,−100,1500)
B) = rate(25,0,100,1500)
C) = rate(25,0, −100,1500)
D) = rate(0, −100,1500,25)