Sam invested Rs. 8000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Sam at the end of the year will be?
Choose the correct answer.
A) 3200.0	B) 11520.0	C) 8820.0	D) 7354.0	E) 16537.11

Rationale: "p = rs . 8000 ; r = 10 % p . a . = 5 % per half - year ; t = 1 year = 2 half - year amount = [ 8000 * ( 1 + 5 / 100 ) 2 ] = ( 8000 * 21 / 20 * 21 / 20 ) = rs . 8820.00 answer : c"
Answer: C