On the first of the year, James invested x dollars at Proudstar…

On the first of the year, James invested x dollars at Proudstar bank in an account that yields 2.2% in interest every quarter year. At the end of the year, during which he made no additional deposits or withdrawals, he had y dollars in the account. If James had invested the same amount in an account which pays interest on a yearly basis, what must the interest rate be for James to have y dollars at the end of the year?

AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #17062