A bank offers 15% compound interest yearly. A customer deposits Rs. 8800 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 15% compound interest yearly. A customer deposits Rs. 88

1.	A bank offers 15% compound interest yearly. A customer deposits Rs. 8800 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.8315
B.	Rs.2029.5
C.	Rs.4158
D.	Rs.1039
Answer» C. Rs.4158

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A bank offers 15% compound interest yearly. A customer deposits Rs. 8800 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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