Bethany needs to borrow $11,000. She can borrow the money at 5.5% simple interest for 6 yr or she can borrow at 4% with interest compounded continuously for 6 yr. (a) How much total interest would Bethany pay at 5.5% simple interest? (b) How much total interest would Bethany pay at 4% interest compounded continuously? (c) Which option results in less total interest?

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