Question: Penelope needs to borrow $12,000 . She can borrow the money at 6.5% simple interest for 3 yrs or she can borrow at 5% with

Penelope needs to borrow $12,000 . She can borrow the money at 6.5% simple interest for 3 yrs or she can borrow at 5% with interest compounded continuously for 3 yrs.(a) How much total interest 2 answers

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