Step-by-step explanation:
[tex] \underline{ \underline{ \text{Given}}}: [/tex]
- Principal ( P ) = $ 6,500
- Rate ( R ) = 2.8 %
- Time ( T ) = 12 years
[tex] \underline{ \underline{ \text{To \: find}}} : [/tex]
[tex] \underline{ \underline { \text{Solution}}} : [/tex]
[tex] \boxed{ \sf{Simple \: Interest = \frac{PTR}{100}}} [/tex]
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 !
⇾ [tex] \tt{ \frac{6500 \times 12 \times 2.8}{100}} [/tex]
⇾ [tex] \tt{ \frac{218400}{100}} [/tex]
⇾ [tex] \tt{ \$ \: 2184 \: }[/tex]
[tex] \red{ \boxed{ \boxed{ \tt{Our \: final \: answer : \boxed{ \underline{ \tt{rs \: 2184}}}}}}}[/tex]
Hope I helped ! ♡
Have a wonderful day / night ! ツ
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