Question

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

What is the value of y?

A.
18

B.
12

C.
6

D.
3

Answer 1

the amount that katie will gain at the end of a year is

1200×8.5/100

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

Answer 2

6 years?

Answer 3

correct!