A bank offers 5% p.a compound interest per year. A customer deposits Rs. 6400 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 bank offers 5% p.a compound interest per year. A customer deposits R

1.	A bank offers 5% p.a compound interest per year. A customer deposits Rs. 6400 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. 652
B.	Rs. 388
C.	Rs. 484
D.	Rs. 544
Answer» D. Rs. 544

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A bank offers 5% p.a compound interest per year. A customer deposits Rs. 6400 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:

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