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?
Choose the correct choice:
A) $ 2.10
B) $ 37.10
C) $ 37.16
D) $ 37.8
E) $ 38.80

Rationale: "principal that is amount taken by laura at year beginning = 35 $ rate of interest = 8 % interest = ( 8 / 100 ) * 35 = 2.8 $ total amount that laura owes a year later = 35 + 2.8 = 37.8 $ answer d"
Answer: D