Laura took out a charge account at the General Store and agreed to pay 4% simple annual interest. If she charges $35 on her account in January, how much will she owe a year later, assuming she does not make any additional charges or payments?	Choices
A) $36.4 B) $37.10 C) $37.16 D) $38.10 E) $38.80
Principal that is amount taken by Laura at year beginning = 35$   Rate of interest = 4%   Interest = (4/100)*35= 
<gadget id="calculator">(4/100)*35</gadget>
<output>7/5 = around 1.4</output>
1.4$   Total amount that Laura owes a year later= 35+1.4= 
<gadget id="calculator">35+1.4</gadget>
<output>36.4</output>
36.4 $   $36.4nswer $36.4
<result>A</result>
Laura took out a charge account at the General Store and agreed to pay 4% simple annual interest. If she charges $35 on her account in January, how much will she owe a year later, assuming she does not make any additional charges or payments?