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Mary needs to borrow $12,000. She can borrow the money at 4.5% simple interest for...

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Mary needs to borrow $12,000. She can borrow the money at 4.5% simple interest for 3 yr or she can borrow at 4% with interest compounded continuously for 3 yr.(a) How much total interest would Mary pay at 4.5% simple interest?(b) How much total interest would Mary pay at 4% interest compounded continuously?(c) Which option results in less total interest?(a) How much total interest would Mary pay at 4.5% simple interest?At 4.5% simple interest, the total interest Mary would pay is

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