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John, an investment adviser, tells Lisa that if she's willing to invest the amount of $ 1 0 0 today, he can increase this investment

John, an investment adviser, tells Lisa that if she's willing to invest the amount of $100 today, he can increase this investment by 3 times in 3 years. What annual rate of return is John promising on this investment?
r =
%
INSTRUCTIONS: Place your answer in PERCENTAGE form with at least 2 decimal places. For example, an answer of three and one-quarter percent is entered as 3.25 and not as 0.0325. ALSO, DO NOT USE A PERCENT SIGN IN YOUR ANSWER. You should work your analysis using at least four decimal places of accuracy.

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