Albert invested an amount of Rs.8000 in a FD scheme for 2yrs at CI rate 5 p.c.p.a. How much amount will Albert get on maturity of the FD?
Choose the correct choice from the following choices:
A) Rs. 7000  B) Rs. 7020  C) Rs. 7900  D) Rs. 8000  E) Rs. 8820
Amount   = Rs. 8000 x 1 +	5 2   100   = Rs. 8000 x	21	x	21   20	20   = Rs. 8820.   Rs. 8820
<result>E</result>
Albert invested an amount of Rs.8000 in a FD scheme for 2yrs at CI rate 5 p.c.p.a. How much amount will Albert get on maturity of the FD?