Explanation:

- Principal ( P ) = $ 6,500 
 - Rate ( R ) = 2.8 %
 - Time ( T ) = 12 years
 



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 !
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