33.
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. 126
D:
Rs. 123
The answer is:
B
