Answer:
D.
Step-by-step explanation:
First, you have to change the rate to compound annually. To do that, multiply 11.25 percent by 4, because there are 4 groups of 3 months. You have now changed it to compounded yearly. Then take that percentage and divide it by 12 since there are 12 months. Then you get, 3.75 percent. Hope this helps!
