Suppose that at the beginning of 2004 you invested $8,500 in the Stivers mutual fund and $5,000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below:   Year Stivers Trippi 1 $11,000 $5,600 2 $12,000 $6,300 3 $13,000 $6,900 4 $14,000 $7,600 5 $15,000 $8,500 6 $16,500 $9,200 7 $17,500 $9,900 8 $19,000 $10,600   Which of the two mutual funds performed better over this time period?

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Suppose that at the beginning of 2004 you invested $8,500 in the Stivers mutual fund and $5,000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below:

 

Year Stivers Trippi
1 $11,000 $5,600
2 $12,000 $6,300
3 $13,000 $6,900
4 $14,000 $7,600
5 $15,000 $8,500
6 $16,500 $9,200
7 $17,500 $9,900
8 $19,000 $10,600

 

Which of the two mutual funds performed better over this time period?

 

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