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1. You opened a savings account in Bank of Hoosiers at the start of last year with a deposit of $2,000, which you saved from

1. You opened a savings account in Bank of Hoosiers at the start of last year with a deposit of $2,000, which you saved from your previous summer jobs. You earned $23.5 in interest from your saving account in the past year. What's your APY (Annual Percentage Yield) approximately?

A. 0.59%

B. 1.25%

C. 1.18%

D. 2.35%

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