Question

Katie invested $1200 at 8.5% interest. She earned $612 interest at the end of y years
Whats is the Value of y?

A. 18

B. 12

C. 6

D. 3
I will give medal and fan to best answer :)

Answer 1

What formula are you using?

Answer 2

hey

Answer 3

what do u mean exactly?

Answer 4

The formula mul div sub

Answer 5

There is a formula for calculating interest that you are now studying. What is it?

Answer 6

well for calculating 8.5% interest i times itbecause other than that i have no clue what your asking cause on the rest of my questions i have been using Price times rate time interest

Answer 7

Interest = Principal times Rate times Time
Or in symbols:
I=Prt

Answer 8

Plug in the numbers you are given and solve for t

Answer 9

yea thats what i was using but it was still not a answer that i was givin but i'll try again

Answer 10

\[612=1200(.085)t\]

Answer 11

1200×8.5100

which is
102
then
102 x no.of years = 612
no.of years = 612/102
= 6 years

Answer 12

1. Multiply 1200 and .085
2. Divide both sides of the equation by that answer.
3. That is t

Answer 13

alright thanks both of you

Answer 14

yw

Answer 15

ok yw