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?	Choose the correct option.
A) $ 36.4	B) $ 37.10	C) $ 37.16	D) $ 38.10	E) $ 38.80

Rationale: "principal that is amount taken by laura at year beginning = 35 $ rate of interest = 4 % interest = ( 4 / 100 ) * 35 = 1.4 $ total amount that laura owes a year later = 35 + 1.4 = 36.4 $ answer a"
Answer: A