Question: 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? - CAREER CARE

Question 1: 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?

View topic: শতকরা ও লাভ-ক্ষতি (Percentage and Profit and loss)

Tk. 10,464

Tk. 864

Tk. 816

Tk. 800

Source: Midland Bank ltd - Management Trainee Officer - 10.04.2015

Answer: Tk. 816

Explanation:

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