You borrow $1000 from a bank today. The contract states that interest is compounded monthly. In 4 months, you must pay the bank $1030 to repay the loan. The APR of this loan is greater than or equal to ___ %, but less than ___%
1. 0,2.5
2. 2.5,5
3. 5,7.5
4. 7.5,10
5. 10, infinity