Sam invested Rs. 12000 @ 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? Pick one
A) 13230.0 B) 12300.02 C) 16537.5 D) 15000.0 E) 16537.11

Rationale: "p = rs . 12000 ; r = 10 % p . a . = 5 % per half - year ; t = 1 year = 2 half - year amount = [ 12000 * ( 1 + 5 / 100 ) 2 ] = ( 12000 * 21 / 20 * 21 / 20 ) = rs . 13230.00 answer : a"
Answer: A