Solve the Problem. -Bethany Needs to Borrow $8,000. She Can Borrow Money at Borrow

Multiple Choice

Solve the problem.
-Bethany needs to borrow $8,000. 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?

A) 6.5% compounded continuously results in less total interest
B) 6.9% simple interest results in less total interest