4. Add-On Interest Loan. Beth has borrowed $8,900 on a four-year loan T96 simple interest. Using the simple interest method, her payments would be $213.12. With an addon interest loan Beth's payments would be: This is a difference of per month. Even though the same interest rate is used for both methods, the add-on method is more costly,I because the interest payment is not reduced over me as Beth pays off the loan. We the interest component of the monthlyr payment: (select best answer) 0 A. remains constant using the simple interest method 0 B. decreases using the simple interest method 0 C. increases using the simple interest method