Sam invested Rs. 15000 @ 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?  Answers
A) Rs. 16537.52
B) Rs. 16137.11
C) Rs. 16537.50
D) Rs. 16237.52
E) Rs. 16537.11
Explanation:   P = Rs. 15000; R = 10% p.a. = 5% per half-year; T = 1 year = 2 half-year   Amount = [15000 * (1 + 5/100)2]   = (15000 * 21/20 * 21/20) = Rs. 16537.50   Answer:Rs. 16537.50
<result>C</result>
Sam invested Rs. 15000 @ 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?