For which type of investment, J or K, is the annual rate of return greater?
(1)Type J returns $115 per $1,000 invested for any one-year period and type K returns $300 per $2,500 invested for any one-year period.
(2)The annual rate of return for an investment of type K is 12 percent.
AStatement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
BStatement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
CBOTH statement TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
DEACH statement ALONE is sufficient.
EStatements (1) and (2) TOGETHER are NOT sufficient.