Mr. X made a fixed deposit of Tk. 10,000 for 1 year at an annual rate of 8 percent compounded semiannually. Calculate the amount of interest to be paid at maturity?
A. Tk. 10814
B. Tk. 864
C. Tk. 816
D. Tk.480
Answer:C
Mr. X made a fixed deposit of Tk. 10,000 for 1 year at an annual rate of 8 percent compounded semiannually. Calculate the amount of interest to be paid at maturity?
A. Tk. 10814 B. Tk. 864 C. Tk. 816 D. Tk.480