Analyzing the good returns that Halocircle Insurance Pvt Ltd was giving,…

2025

Analyzing the good returns that Halocircle Insurance Pvt Ltd was giving, Ratika bought a 1-year, Rs 10,000 certificate of deposit that paid interest at an annual rate of 8% compounded semi-annually. What was the total amount of interest paid on this certificate at maturity?

Answer: C. 816

  1. A.

    657

  2. B.

    800

  3. C.

    816

  4. D.

    655

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Correct answer: C

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