Solve this

Penelope needs to borrow $12,000. She can borrow the money at 5.5% simple interest for 4 yr or she can borrow at 5% j with interest compounded continuously for 4 yr. (a) How much total interest would Penelope pay at 5.5% simple interest? (6b) How much total interest would Penelope pay at 5% interest compounded continuously? (c) Which option results in less total interest? Part: 0 / 3 Part 1 of 3 (a) How much total interest would Penelope pay at 5.5% simple interest? At 5.5% simple interest, the total interest Penelope would pay is s|_ |. | |