Task: Question Answering
Input (English): Problem: carl is facing very difficult financial times and can only pay the interest on a $ 8,000 loan he has taken . the bank charges him a quarterly compound rate of 5 % . what is the approximate interest he pays annually ? 
Options: a ) $ 1200 , b ) $ 2000 , c ) $ 2150 , d ) $ 2500 , e ) $ 1600
Output (English): e