Giving opportunities to several players who have not featured much in the tournament, an all-new front row sees props Ellis Genge and Will Stuart either side of hooker Theo Dan, who has spent the last three matches as an unused replacement.
Ollie Chessum comes back into the second row while Sam Underhill, who joined the squad as an injury replacement two weeks ago, starts as an openside flanker.
Tom Curry, who will win his 50th cap, moves to the blindside to reprise the successful back row partnership from the 2019 tournament, with Ben Earl at No 8.
Scrum-half Ben Youngs starts his first match of the tournament to extend his caps record to 127, with captain Owen Farrell at flyhalf.
Jamie George, Bevan Rodd, Dan Cole, David Ribbans, Lewis Ludlam, Danny Care, George Ford, and Ollie Lawrence are on the bench.
“After the disappointment of last weekend’s game against South Africa, it is important that this Friday we once again play with the determination and dedication that so nearly earned the team the result we wanted,” Borthwick said.
“The bronze final gives us a great opportunity to finish the tournament on a positive note, continue to build for the future, and to give our supporters one last chance to get behind the squad out here in Paris.”
Smith was ruled out of the South Africa match with a head injury but gets another chance to impress in the No 15 shirt after a series of exciting displays when starting there or coming off the bench.
Arundell scored a record-equalling five tries in the thrashing of Chile but was unable to force his way into the squad for the following matches, while Steward, who had a superb match at full-back against the Springboks, gets a start in the unfamiliar territory of right wing.
The teams met on the opening weekend of the tournament in Marseille when England won 27-10 despite having Curry sent off after three minutes.
That was their 11th win in their last 12 meetings, with Argentina’s sole success during that period coming at Twickenham 11 months ago. England have also won all four of the teams’ pool clashes at the World Cup.
England squad
15-Marcus Smith, 14-Freddie Steward, 13-Joe Marchant, 12-Manu Tuilagi, 11-Henry Arundell, 10-Owen Farrell (C), 9-Ben Youngs, 8-Ben Earl, 7-Sam Underhill, 6-Tom Curry, 5-Ollie Chessum, 4-Maro Itoje, 3-Will Stuart, 2-Theo Dan, 1-Ellis Genge.
Replacements: 16-Jamie George, 17-Bevan Rodd, 18-Dan Cole, 19-David Ribbans, 20-Lewis Ludlum, 21-Danny Care, 22-George Ford, 23-Ollie Lawrence