Alexander Matthews
12/26/2023 · Middle School

Aniyah needs to borrow \( \$ 8000 \). The money can be borrowed at \( 6.5 \% \) simple interest for 5 yr or borrowed at \( 5 \% \) with interest compounded continuously for 5 yr Part: 0 / 3 Part 1 of 3 (a) How much total interest would Aniyah pay at \( 6.5 \% \) simple interest? At \( 6.5 \% \) simple interest, the total interest Aniyah would pay is \( \$ \)

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The total interest Aniyah would pay at \( 6.5\% \) simple interest is \( \$2600 \).

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