The Function Gives the Annual Interest Rate R

Multiple Choice

The function gives the annual interest rate r , as a percent, that a bank will pay on its money market accounts, where t is the term (the time the money is invested) in months. What interest rate, to the nearest tenth of a percent, will the bank pay on a money market account with a term of 5 months?

A) 1.58%
B) 2.55%
C) 2.06%
D) 1.29%
E) %