Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?	Choose the correct option.
A) Rs. 8600	B) Rs. 8620	C) Rs. 8820	D) Rs. 9820	E) None of these
Explanation:   Amount   = Rs.[8000 x	(1 + 5/100)2]	= Rs. 8820.   ANSWER IS Rs. 8820
<result>C</result>
Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?