Question: Bethany needs to borrow $12,000 . She can borrow the money at 6% simple interest for 6 yr or she can borrow at 3 %


Bethany needs to borrow $12,000 . She can borrow the money at 6% simple interest for 6 yr or she can borrow at 3 % with interest compounded continuously for 6 yr. (a) How much total interest would Bethany pay at 6 % simple interest? (b) How much total interest would Bethany pay at 3 % interest compounded continuously? (c) Which option results in less total interest? Part: 0 / 3 Part 1 of 3 (=) How much total interest would Bethany pay at 6% simple interest? At 6 % simple interest, the total interest Bethany would pay is S X Part: 1 / 3 Part 2 of 3 (b) How much total interest would Bethany pay at 3 % interest compounded continuously? At 3 % interest compounded continuously, the total interest Bethany would pay is $ X 5 Part: 2 / 3 Part 3 of 3 (c) Which option results in less total interest? ( Choose one) results in less total interest. X 5
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