For Simple Interest Accounts, the Amount a Accumulated or Due

Multiple Choice

For simple interest accounts, the amount A accumulated or due depends on the principal p, interest rate r, and the time t in years according to the formula A = p(1 + rt) . Find p given A = $1971.20, r = 16%, and t = 9 months. Round your answer to the nearest dollar.

A) $1760
B) $1765
C) $1770
D) $1775