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

Multiple Choice

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) $15.2 \%$