-6 George has a choice of a $7,200, simple interest loan at 3.8% that he has to start paying back after 3 years, or a $7,500, annual compound interest loan at 3.5% that he also has to start paying back after 3 years. Which method should he choose, simple or compound, and how much less interest will he owe using that method? (8.1A, 8.1B, 8.1C, 8.16) F Compound interest; $79.03 G Simple interest; $79.03 H Compound interest; $5.42 J Simple interest; $5.42
