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Bethany needs to borrow $12,000. She can borrow the money at 6.5% simple interest for 4 yr or she can borrow at 4% with
Posted: Mon Jul 11, 2022 10:34 am
by answerhappygod
- Bethany Needs To Borrow 12 000 She Can Borrow The Money At 6 5 Simple Interest For 4 Yr Or She Can Borrow At 4 With 1 (24.33 KiB) Viewed 35 times
Bethany needs to borrow $12,000. She can borrow the money at 6.5% simple interest for 4 yr or she can borrow at 4% with interest compounded continuously for 4 yr. (a) How much total interest would Bethany pay at 6.5% simple interest? (b) How much total interest would Bethany pay at 4% interest compounded continuously? (c) Which option results in less total interest? Part: 0 / 3 Part 1 of 3 (a) How much total interest would Bethany pay at 6.5% simple interest? At 6.5% simple interest, the total interest Bethany would pay is S X 5