You are considering opening a savings account at a local bank, which seems to be offering a good rate on one of their accounts. The account would pay interest monthly. You work out that if you put $10,000 in this account, you would have $10,825 in your account at the end of the year. What would the advertised rate on this account be? (Round your answer to three decimal places)

	A.	2.785% per month
	B.	7.954 % p.a.
	C.	3.934% per month
	D.	3.740% p.a. compounding monthly
	E.	7.954% p.a. compounding monthly