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#32027 Bangla Language & Literature Interest Rate Level 0

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 an interest paid on this certificate at maturity?

  1. A Tk. 10,464
  2. B Tk. 800
  3. C Tk. 816
  4. D Tk. 864
Answer: C - Tk. 816

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