A practice sends $16,000 worth of account balances to both Collection Agency A and Collection Agency B. Collection Agency A collects 25 percent of the balances and retains 20 percent of the amount it collects; Collection Agency B collects 40 percent of the balances and retains 50 percent of the amount it collects. Determine from which collection agency the practice will receive the most money.
A. Collection Agency A
B. Collection Agency B
C. The practice will receive the same amount of money from both collection agencies.
D. None of these are correct.
Answer: C
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