Solve the Problem. -Simple Interest Is Calculated Using the Formula, Interest = Principal

Multiple Choice

Solve the problem.
-Simple interest is calculated using the formula, interest = principal · rate · time or i = prt. Jenny Brooks invested a certain amount of money saved for 1 year at a certain annual interest rate (simple interest) yielded $9.12 in
Interest. If we had added $76 to the principal and reduced the interest rate by 2 percentage point(s) , the interest
Would have been the same. Find the principal and the rate.

A) $152.00, 6%
B) $8.00, 4%
C) $8.00, 6%
D) $7.66, 608%