Question

At what time 26,500 amount to 32065 @ 9% per annum

Answer 1

Amount = Principal+Interest

Interest= (P×t×r)/100

P = 26,500 r= 9 percent per annum Amount = 32065

32065 = 26500 + (26500 * t * 9/100)

5565 = 2835t

t = 5565/2835

 = 1.96

 = 2 months (approx)