赞题库-背景图
单项选择题

A family made a down payment of $75 and borrowed the balance on a set of encyclopedias that cost $400. The balance with interest was paid in 23 monthly payments of $16 each and a final payment of $9.
The amount of interest paid was what percent of the amount borrowed ?()

A.6%
B.12%
C.14%
D.16%
E.20%