Nola has some money invested in exchange traded fund. If her investment quadruples in $9$ years what is the implied annual rate of return

Question $12$

$\frac{0}{1}$ pts

Nola has some money invested in an exchange traded fund. If her investment quadruples $($grows $4-$fold$)$ in $9$ years, what is the implied annual rate of return?

$12\mathrm{.}98\%$

$55\mathrm{.}18\%$

$16\mathrm{.}65\%$

$20\mathrm{.}71\%$

$19\mathrm{.}58\%$