Find the Interest Rate (With Annual Compounding) That Makes the Statement

Multiple Choice

Find the interest rate (with annual compounding) that makes the statement true. Round to the nearest tenth whennecessary.
- $\$ 611$ grows to $\$ 1621.16$ in 20 years

A) $2.3 \%$
B) $5.95 \%$
C) $5.5 \%$
D) $5 \%$