
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
John takes a loan of $\textdollar{150}$ and agreed to pay back a total of $\textdollar{162}$ after one and a half years. Calculate the amount of interest paid and determine the bi-annual compound interest rate.
A) 2.40\%
B) 2.50\%
C) 2.60\%
D) 2.70\%

Present the answer in LaTex format: \boxed{Your answer}
user