Laura took out a charge account at the General Store and agreed to pay 5% 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?  Choose the correct option: A) $2.10 B) $36.75 C) $37.16 D) $38.10 E) $38.80
Principal that is amount taken by Laura at year beginning = 35$   Rate of interest = 5%   Interest = (5/100)*35= 
<gadget id="calculator">(5/100)*35</gadget>
<output>7/4 = around 1.75</output>
1.75$   Total amount that Laura owes a year later= 35+1.75= 
<gadget id="calculator">35+1.75</gadget>
<output>36.75</output>
36.75 $   Answer $36.75
<result>B</result>
Laura took out a charge account at the General Store and agreed to pay 5% 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?