Task: Question Answering
Input (English): Problem: on the first of the year, james invested x dollars at proudstar bank in an account that yields 4 % 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. 22.04 %, b. 26.12 %, c. 28 %, d. 16.25 %, e. 30 %
Output (English): d