MCQs>General Knowledge & Aptitude>Conversion Calculations>If the principal amount is $8000 and the rate of interest is 4% per annum computed half yearly, then in how many months will the compound interest of $659.46 be generated?
Conversion Calculations MCQs
If the principal amount is $8000 and the rate of interest is 4% per annum computed half yearly, then in how many months will the compound interest of $659.46 be generated?
Answer
Correct Answer: 24 months
Explanation:
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