Rate of returnPersonal Finance ProblemRishi Singh has $1 comma 0001,000 to invest. His investment counselor suggests that Rishi should buy an investment that pays no interest but will be worth $1 comma 3001,300 after 77 years. a. What average annual rate of return will Rishi earn with this investment? b. Rishi is considering another investment, of equal risk, that earns an annual return of1.821.82% . Which investment should he make, and why? a. The annual rate of return Rishi will earn with this investment, r, is nothing%. (Round to two decimal places.)