Laboni bought a 1 year, Tk. 10,000 certificate of deposit that paid interest at an annual rate of 8 percent compounded semiannually. What was the total amount of interest paid on his certificate at maturity?

A Tk. 10,464
B Tk. 864
C Tk. 816
D Tk. 800

Correct Answer: Tk. 816

চক্রবৃদ্ধি মুনাফার ক্ষেত্রে সবৃদ্ধিমূল c = p ( 1 + r/m)mn = 10000[ 1 + 8/(2×100)] 2.1 = 10000 × (1.04)2 = 10816 চক্রবৃদ্ধি মুনাফা ( 10816 - 10000) টাকা = 816 টাকা
Bissoy MCQ
#গণিত #সরল ও যৌগিক মুনাফা  (Simple & Compound interest) #Midland Bank ltd #Midland Bank ltd - Management Trainee Officer - 10.04.2015

Related Questions

Laboni bought a 1-year, Tk 10,000 certificate of deposit that paid interest at an annual rate of 8 percent compounded semiannually. What was the total amount of interest paid on this certificate at maturity ?
A Tk, 10,464
B Tk, 864
C Tk, 816
D Tk, 800
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B $864
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