Mathematics, 07.03.2021 22:40 shawnnoteman1234

$60 simple interest is received on a loan each year. When the rate of interest is increased by 0.5%, the simple interest is $70. What is the amount of the loan?

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$60 simple interest is received on a loan each year. When the rate of interest is increased by 0.5%, the simple interest is $70. What is the amount of the loan?​

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$60 simple interest is received on a loan each year. When the rate of interest is increased by 0.5%, the simple interest is $70. What is the amount of the loan?