Given the task definition, example input & output, solve the new input case.
The task is to generate the correct answer for a given math problem.
Example: a multiple choice test consists of 4 questions, and each question has 5 answer choices. in how many r ways can the test be completed if every question is unanswered ?
Output: 625
Total r of 5 * 5 * 5 * 5 = 5 ^ 4 = 625 ways to answer all of them. Therefore, the answer is 625.

New input case for you: 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 8 % . what is the approximate interest he pays annually ?
Output:
3500