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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