Albert invested amount of 20000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum. How much Albert will get on the maturity of the fixed deposit
Pick one.
A) Rs. 8510
B) Rs. 22050
C) Rs. 8730
D) Rs. 8820
E) None of these
Explanation:   =&gt;(20000×(1+5/100)2)   =&gt;20000×21/20×21/20   =&gt;22050   Option Rs. 22050
<result>B</result>
Albert invested amount of 20000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum. How much Albert will get on the maturity of the fixed deposit