Sam invested Rs. 3000 @ 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 most appropriate option.
A) 2554.0	B) 3387.0	C) 2503.0	D) 3307.5	E) 16537.11

Rationale: "p = rs . 3000 ; r = 10 % p . a . = 5 % per half - year ; t = 1 year = 2 half - year amount = [ 3000 * ( 1 + 5 / 100 ) 2 ] = ( 3000 * 21 / 20 * 21 / 20 ) = rs . 3307.50 answer : d"
Answer: D