Solve the problem.
-Bethany needs to borrow $8,000. She can borrow money at 6.9% simple interest for 3 yr or she can borrow at 6.5% with interest compounded continuously for 3 yr. Which option results in less total
Interest?
A) 6.5% compounded continuously results in less total interest
B) 6.9% simple interest results in less total interest

Question

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The Answer of Solve the problem.
-Bethany needs to borrow $8,000. She can borrow money at 6.9% simple interest for 3 yr or she can borrow at 6.5% with interest compounded continuously for 3 yr. Which option results in less total
Interest?
A) 6.5% compounded continuously results in less total interest
B) 6.9% simple interest results in less total interest

Solve the Problem. -Bethany Needs to Borrow $8,000. She Can Borrow Money at Borrow