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 by Jared Spencer bought a collector's coin set for $290 and sold it two years later for $525. What was the approximate annual rate of return of his investment? Round to the nearest tenth of a percent.

A. 40.5%
B. 9.0%
C. 29.6%
D. 34.6%


Answer: D

Mathematics

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