Solve the Problem $\$ 16,007$ At $5 \%$ Simple Interest for 9 Months

question 358

Multiple Choice

Solve the problem.
-Sophia borrowed $\$ 16,007$ at $5 \%$ simple interest for 9 months. How much will the interest amount to? What is the total amount that she will have to pay back at the end of 9 months? Round answers to the nearest cent if necessary.

• A) \(\$ 533.57 ; \$ 16,540.57\)
• B) \(\$ 605.31 ; \$ 16,612.31\)
• C) \(\$ 600.26 ; \$ 16,607.26\)
• D) \(\$ 666.96 ; \$ 16,673.96\)

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