$A$ bank offers $5 \%$ compound interest calculated on a half-yearly basis. $A$ customer deposits ₹ $1600$ each on $1^{st}$ January and $1^{st}$ July of a year. At the end of the year,the amount (in ₹) he would have gained by way of interest is

  • A
    $120$
  • B
    $121$
  • C
    $122$
  • D
    $123$

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