Solve the indicated system of equations algebraically.A certain amount of money saved for 1 year at a certain annual interest rate (simple interest) yielded $23.04 in interest. If we had added $64 to the principle and reduced the interest rate by 3 percentage point(s), the interest would have been the same. Find the principle and the rate.
A. $15.00, 12%
B. $6.45, 17%
C. $15.00, 9%
D. $192.00, 12%
Answer: D
Mathematics
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