Solve.A certain amount of money saved for 1 year at a certain annual interest rate (simple interest) yielded $20.16 in interest. If we had added $36 to the principal and reduced the interest rate by 1 percentage point(s), the interest would have been the same. Find the principal and the rate.

A. $2009.00, 8%
B. $252.00, 8%
C. $3.63, 55.5%
D. $2009.00, 7%


Answer: B

Mathematics

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