David bought a 1-year, $5,000 certificate of deposit that paid interest at an annual rate of 10 percent compounded semiannually. What was the total amount of interest paid on this certificate at maturity?	Choose the correct choice from the following choices:
A) $310
B) $425
C) $450
D) $300
E) $312.50
10 percent compounded semiannually --&gt; 5% in 6 moths.   For the first 6 moths interest was 5% of $5,000, so $250;   For the next 6 moths interest was 5% of $5,250, so $262.50   Total interest for 1 year was $250+$262.50=$312.50   Answer : $312.50
<result>E</result>
David bought a 1-year, $5,000 certificate of deposit that paid interest at an annual rate of 10 percent compounded semiannually. What was the total amount of interest paid on this certificate at maturity?