Answer:
$79.63
Step-by-step explanation:
You can figure this by estimating. 16% is a little less than 20%, which is 1/5. $497.69 is almost $500. So, 1/5 of that is almost $100, and a little less than that is about $80. The closest answer choice is $79.63.
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If you want to figure it exactly, you can do the multiplication ...
16% of $497.69 = 0.16 × $497.69 = $79.6304 ≈ $79.63
