Pat wants to invest at the local bank that offers a rate of 10% per annum per year. If the interest is compounded half-yearly, how much will Pat have to invest to get Rs. 20000 at the end of a year?  Choose the correct choice from the following options:
A) 18,140.59
B) 18,410.95
C) 18,590.41
D) 18,950.14
E) 18,150.49
Amount = 20000; R = 10% p.a. = 5% per half-year; T = 1 year = 2 half-year   20000 = [P * (1 + 5/100)2]   P = 20000 / (1.05)2 = 18140.59   18,140.59nswer: 18,140.59
<result>A</result>
Pat wants to invest at the local bank that offers a rate of 10% per annum per year. If the interest is compounded half-yearly, how much will Pat have to invest to get Rs. 20000 at the end of a year?