Albert invested amount of 24000 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 Choose the correct answer:  A) Rs. 8510  B) Rs. 26460  C) Rs. 8730  D) Rs. 8820  E) None of these
Explanation:   =&gt;(24000×(1+5/100)2)   =&gt;24000×21/20×21/20   =&gt;26460   Option Rs. 26460
<result>B</result>
Albert invested amount of 24000 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