Sam invested $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? Pick one
A) $16537.50 B) $24512.56 C) $18475.89 D) $15478.56 E) $12456.35
P = $15000   R = 10%   p.a. = 5%   T = 2 half years   $16537.50mount = 15000 * (1 + 5/100)^2 = 15000* 21/20 * 21/20= 
<gadget id="calculator">15000* 21/20 * 21/20</gadget>
<output>33_075/2 = around 16_537.5</output>
$16537.50   $16537.50nswer is $16537.50
<result>A</result>
Sam invested $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?