Question:

The interest earned on a loan varies jointly as the interest

Last updated: 7/19/2022

The interest earned on a loan varies jointly as the interest

The interest earned on a loan varies jointly as the interest rate and the time. If an investment earns $100 at 2.5% for 4 years, how much interest will be gained at 3.5% for 6 years? Only provide the numerical solution. No units are necessary.