Laura took out a charge account at the General Store and agreed to pay 8% 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?  Pick one
A) $2.10 B) $37.10 C) $37.16 D) $37.8 E) $38.80
Principal that is amount taken by Laura at year beginning = 35$   Rate of interest = 8%   Interest = (8/100)*35= 
<gadget id="calculator">(8/100)*35</gadget>
<output>14/5 = around 2.8</output>
2.8$   Total amount that Laura owes a year later= 35+2.8= 
<gadget id="calculator">35+2.8</gadget>
<output>37.8</output>
37.8 $   Answer $37.8
<result>D</result>
Laura took out a charge account at the General Store and agreed to pay 8% 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?