When Marissa graduates from unlversity in two years, she will receive a gift of $10,000 from her Mom. It is expected that she will invest this amount in a segregated fund. Marissa has her own savings in the amount of $7,000. She wants to know whether or not she could grow her savings to match her mother's gift.

What minimum annual rate of interest must Marissa's $7,000 in savings earn for her to be able to match her mother's $10,000 in three years?

Select one:

a. 9%

b. 11%

c. 15%

d. 3%