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K Andy Jones opened a lawn service company. To pay for startup costs, Andy Jones borrowed $16,000 from a bank at 6% for 1 year.

K Andy Jones opened a lawn service company. To pay for startup costs, Andy Jones borrowed $16,000 from a bank at 6% for 1 year. Find the interest. Assume that simple interest is being calculated. Round your answer to the nearest cent. OA. $16,960.00 OB. $960.00 C. $1,120.00 D. $96.00

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