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

Help please :)

Answer 2

Giving fan and medal

Answer 3

\(\huge\color{pink}{WELCOME~TO~OPENSTUDY!!}\)
To start with what formula are you using?

Answer 4

proportion

Answer 5

Do you know it?

Answer 6

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

Answer 7

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

Answer 8

Ok

Answer 9

I got

Answer 10

0.1615

Answer 11

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

Answer 12

Ok

Answer 13

102

Answer 14

no.of years = 612/102

Answer 15

6

Answer 16

Yes thats correct!!! good job! :D

Answer 17

YAY

Answer 18

I need help with 2 more questions

Answer 19

sure repost them on a seperate post :)

Answer 20

Ok