Solve the problem. 9) Bethany needs to borrow S8000. She can borrow money at 6.9% simple interest for 3 yr or she can borrow at 6.5% with interest compounded continuously for 3 yr. Which option results in less total interest? 9)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Solve the problem.
9) Bethany needs to borrow S8000. She can borrow money at 6.9% simple interest
for 3 yr or she can borrow at 6.5% with interest compounded continuously for 3
yr. Which option results in less total interest?
9)
Transcribed Image Text:Solve the problem. 9) Bethany needs to borrow S8000. She can borrow money at 6.9% simple interest for 3 yr or she can borrow at 6.5% with interest compounded continuously for 3 yr. Which option results in less total interest? 9)
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