Task: Question Answering
Input (English): Problem: on the first of the year, james invested x dollars at proudstar bank in an account that yields 0.5 % in interest every quarter year. at the end of the year, during which he made no additional deposits or withdrawals, he had y dollars in the account. if james had invested the same amount in an account which pays interest on a yearly basis, what must the interest rate be for james to have y dollars at the end of the year ?
Options: a. 2.04 %, b. 4.12 %, c. 5 %, d. 8.25 %, e. 10 %
Output (English): a