Principal= $5000
Time= 3.5years
Rate= 12%
CI= ?

Principal, P = 5000 dollarsRate, R = 12% p.aTime, n = 3.5 yrsAmount, A = P1+R100n=50001 + 121003=50001 + 3253=5000 × 2825×2825×2825=10976000015625=7024.64 dollarsCI = A - P=7024.64 - 5000=2024.64 dollars

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