Task: Question Answering
Input (English): Problem: carl is facing very difficult financial times and can only pay the interest on a $ 10,000 loan he has taken . the bank charges him a quarterly compound rate of 4 % . what is the approximate interest he pays annually ? 
Options: a ) $ 1750 , b ) $ 2000 , c ) $ 2150 , d ) $ 2500 , e ) $ 12000
Output (English): a