Discuss how incr‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍easing the term effects the principle amount based on the same interest payments of a simple interest loan‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍?

F‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ind the principal of a loan at 4% if the simple interest after 6 years 6 months is $1,248. Discuss how incr‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍easing the term effects the principle amount based on the same interest payments of a simple interest loan‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍?

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