A renter is required to pay a security deposit of $$1,300,$ on which $3\mathrm{.}50$ percent interest will be paid. What amount would the person earn each year?

Multiple Choice

$$22\mathrm{.}75$

$$9\mathrm{.}10$

$$3\mathrm{.}50$

$$45\mathrm{.}50$

$$91\mathrm{.}00$