The Local Rent-To-Own Store Offers You the Following Plan to Purchase

The local Rent-to-Own Store offers you the following plan to purchase a bedroom set. The bedroom room set retails for $2350, but you will have two years to pay it off using a simple interest loan. If you pay back $2560, then what was the APR on this loan? Give your answer as a percentage rounded to the nearest tenth of a percent.

A) 4.5%
B) 4.9%
C) 5.2%
D) 5.6%
E) None of the above.