A person takes a simple interest loan at 7.5%. After 6 months, the amount of interest on the loan is $69.64. What was the amount of the loan?

Please help me. I have been working on this for awhile.

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  1. 0.0375*x = 69.64
    x = 1857.07

    I used .0375 instead of .075 because it was only half a year

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