A bank offers 5% compound interest calculated on half-yearly basis

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits $ 1600 each on 1stJanuary and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:

AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #77606