Mr. Hayes opened an account with a deposit of $3,500 1)The account earned compound interest
2) He did not make any additional deposits or
withdrawals
3)At the end of 5 years his balance was
$4,097.01
What is the annual interest rate on this account?
A) 2.8%
D) 44%
B) 32%
E) 51%
C 37%
F) None of the above