A bank offers 3% compound interest calculated on quarter-yearly basis. A customer deposits $ 15000 each in 1st month. At the end of the year, the amount he would have gained by way of interest is?  Pick
A) 200	B) 150	C) 455	D) 300	E) 600
Amount = (15000)* (1 + (3/4*100))^4   Amount = 15000 * (1+ 0.0075)^4 = 15455 ------(for investment in 1st month)   Interest = 15455-15000 = 455..............   Ans -455
<result>C</result>
A bank offers 3% compound interest calculated on quarter-yearly basis. A customer deposits $ 15000 each in 1st month. At the end of the year, the amount he would have gained by way of interest is?