Solve the problem.
-If an investment of P dollars grows to A dollars in two years, the annual rate of return on the investment is given byAngela Ramos invested $580 in a mon ey market fund. Two years later, her investment was worth $967. Find the approximate annual rate of return on her investment. Round to the nearest tenth of a percent.
A) 33.4%
B) 24.1%
C) 8.2%
D) 29.1%

Question

Solve the problem.
-If an investment of P dollars grows to A dollars in two years, the annual rate of return on the investment is given byAngela Ramos invested $580 in a mon  ey market fund. Two years later, her investment was worth $967. Find the approximate annual rate of return on her investment. Round to the nearest tenth of a percent.
A) 33.4% 
B) 24.1% 
C) 8.2% 
D) 29.1%

Quizplus · Accepted Answer

The Answer of Solve the problem.
-If an investment of P dollars grows to A dollars in two years, the annual rate of return on the investment is given byAngela Ramos invested $580 in a mon  ey market fund. Two years later, her investment was worth $967. Find the approximate annual rate of return on her investment. Round to the nearest tenth of a percent.
A) 33.4% 
B) 24.1% 
C) 8.2% 
D) 29.1%

Solve the Problem. -If an Investment of P Dollars Grows to a Dollars