Solve the problem.
-Angela Ramos invested $\$ 770$ in a money market fund. Two years later, her investment was worth $\$ 1021.87$. Find the approximate annual rate of return on her investment. Use the formula $\mathrm { r } = \sqrt { \mathrm { A } / \mathrm { P } } - 1$, where $\mathrm { P }$ is the investment amount and $\mathrm { A }$ is the value after 2 years. Give results as a percent to the nearest tenth.
A) $10.2 \%$
B) $5.7 \%$
C) $16.4 \%$
D) $15.2 \%$

Question

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The Answer of Solve the problem.
-Angela Ramos invested $\$ 770$ in a money market fund. Two years later, her investment was worth $\$ 1021.87$. Find the approximate annual rate of return on her investment. Use the formula $\mathrm { r } = \sqrt { \mathrm { A } / \mathrm { P } } - 1$, where $\mathrm { P }$ is the investment amount and $\mathrm { A }$ is the value after 2 years. Give results as a percent to the nearest tenth.
A) $10.2 \%$
B) $5.7 \%$
C) $16.4 \%$
D) $15.2 \%$

Solve the Problem $770\$ 770$770 In a Money Market Fund $1021.87\$ 1021.87$1021.87

Solve the Problem $\$ 770$ In a Money Market Fund $\$ 1021.87$