A certain amount invested at a certain rate, compounded annually, grows to an amount in three years, which is a factor of 1.191016 of principal. What is the rate percentage?

A certain amount invested at a certain rate, compounded annually, grow

1.	A certain amount invested at a certain rate, compounded annually, grows to an amount in three years, which is a factor of 1.191016 of principal. What is the rate percentage?
A.	8
B.	5
C.	4
D.	6
Answer» E.

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A certain amount invested at a certain rate, compounded annually, grows to an amount in three years, which is a factor of 1.191016 of principal. What is the rate percentage?

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