Explanation:
![\underline{ \underline{ \text{Given}}}:](https://img.qammunity.org/2022/formulas/mathematics/high-school/a3nxw4cagaqhcoaybd1l9e6yu8whma97aq.png)
- Principal ( P ) = $ 6,500
- Rate ( R ) = 2.8 %
- Time ( T ) = 12 years
![\underline{ \underline{ \text{To \: find}}} :](https://img.qammunity.org/2022/formulas/physics/college/he559o5ojtp50rl1wt7o65sfxqi2tvns5y.png)
![\underline{ \underline { \text{Solution}}} :](https://img.qammunity.org/2022/formulas/mathematics/high-school/8epa85yuyz676nmosuq8r4g8xvcwzvh2bg.png)
![\boxed{ \sf{Simple \: Interest = (PTR)/(100)}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/z4dc8w7azlj70fltqwpd79h6m3jjsyzlid.png)
where ,
- Principal ( P ) is the sum of money on which the interest to be earned.
- Interest Rate ( R ) is the percentage at which interest accrued over time.
- Time ( T ) is the length of period in years
~ Plug the known values and then simplify !
⇾
![\tt{ (6500 * 12 * 2.8)/(100)}](https://img.qammunity.org/2022/formulas/mathematics/high-school/f8ae1p8ex7fo7xhxqv0g5ubwm1ybxxio6v.png)
⇾
![\tt{ (218400)/(100)}](https://img.qammunity.org/2022/formulas/mathematics/high-school/362rez772gi3cb6j3zg4w4ed70qnw4viy5.png)
⇾
![\tt{ \$ \: 2184 \: }](https://img.qammunity.org/2022/formulas/mathematics/high-school/9nfr701jb0cpt6c0am1b22jns5d0j2nmy8.png)
![\red{ \boxed{ \boxed{ \tt{Our \: final \: answer : \boxed{ \underline{ \tt{rs \: 2184}}}}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/85xr7g5o080cewwui0uu38cv9amcf8qv4j.png)
Hope I helped ! ♡
Have a wonderful day / night ! ツ
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