Georgia Purchased a House in 1998 for $190,000

Georgia purchased a house in 1998 for $190,000. In 2003 she sold the house and made a net profit of $58,000. Find the effective annual rate of return on her investment over the 5-yr period. Please round the answer to the nearest tenth of percent. ​

A) 6.0%/yr
B) 6.6%/yr
C) 5.3%/yr
D) 5.5%/yr
E) 6.9%/yr