Aptitude Question 30-August-2015

2.	A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
	A. Rs. 120 B. Rs. 121 C. Rs. 122 D. Rs. 123