Can someone help me answer this question please?

The formula

gives the interest rate r, expressed as a decimal that will

allow principal P to grow into amount A in two years, if the interest is compounded annually. Suppose you have $350 to deposit into an account. Find the interest rate you would need to have $380 in the account at the end of the second year.

A. 4.4%

B. 0.042%

C. 4.2%

D. 104.1%