Bethany needs to borrow $8000. She can borrow money at 6.9% simple interest for 3yr or she can at 6.5% with interest compounded continuously for 3 years. Which option results in less total interest?
Bethany needs to borrow $8000. She can borrow money at 6.9% simple interest for 3yr or she can at 6.5% with interest compounded continuously for 3 years. Which option results in less total interest?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....
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Bethany needs to borrow $8000. She can borrow money at 6.9% simple interest for 3yr or she can at 6.5% with interest compounded continuously for 3 years. Which option results in less total interest?
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