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?
- A.
657
- B.
800
- C.
816
- D.
655
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Correct answer: C
