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

Question 242

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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 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% 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%

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