Chris wants to deposit $100 in a bank for two years. He can either 1) leave the money for two years and earn an annual rate of 11% or 2) deposit money for one year and earn annual interest rate of 10%, then come back to the bank and re-deposit the original investment plus earned interest for another year. What value of one-year interest rate one year from now would yield the very same outcome for Chris if he chooses option #2 compared to how much he would collect after two years is he goes with option #1?

A.

1%

B.

12.01%

C.

9.01%

D.

11.50%

E.

21%

F.

12.50%

G.

11.02%

H.

10.50%