15 Years Ago, Alyssa Made an Initial Deposit of $5,000

Multiple Choice

15 years ago, Alyssa made an initial deposit of $5,000 along with quarterly contributions in an investment earning 6.1% compounded monthly. 10 years ago, she deposited another lump sum of $25,000 in another investment. If her cumulative investments were $100,000 at the end of the 15 years, determine the rate of interest earned on the second investment based on annual compounding.

A) 4.05%
B) 4.15%
C) 4.30%
D) 4.55%
E) 5.05%