The area of a right triangle is given by the formula:
Area = (1/2) x base x height
Substituting the given values, we get:
Area = (1/2) x 7 ft x 16 ft
Area = 56 ft^2
Therefore, the area of the right triangle with a base of 7 feet and a height of 16 feet is 56 ft^2. So the correct answer is option B.