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Robert and Rosie both invested $7,500 5 years ago.They both earned a 15% return, however Robert earned a simple return of 15% and Rosie earned
Robert and Rosie both invested $7,500 5 years ago.They both earned a 15% return, however Robert earned a simple return of 15% and Rosie earned a compounded return of 15%.How did this difference in compounding affect their investments' value today?
A. Robert will have $1,217 more than Rosie
B. Rosie will have $1,217 more than Robert
C. Robert will have $3,600 more than Rosie
D. Rosie will have $3,600 more than Robert
E. Their investments will be worth the same
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