Sam invested Rs. 6000 @ 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 choice from the following answers:	A) 5300.0	B) 24580.0	C) 16537.5	D) 7120.0	E) 6615.0

Rationale: p = rs . 6000 ; r = 10 % p . a . = 5 % per half - year ; t = 1 year = 2 half - year amount = [ 6000 * ( 1 + 5 / 100 ) 2 ] = ( 6000 * 21 / 20 * 21 / 20 ) = rs . 6615.00 answer : e
Answer: E