A sum of $1500 is deposited in an account with an interest rate of r percent per year, compounded daily. At the end of 3 years, the balance in the account is given by A=1500(1+(r) /(36,500) ) (1095) . Find the effective annual interest rate.

a) r × 3
b) (365 × r) /100
c) r/3
d) r/36,500