Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit?
Choose the correct choice from the following options:  A) Rs.8829  B) Rs.8820  C) Rs.8822  D) Rs.8289  E) Rs.8820
Amount = [8000 * (1 + 5/100)2]   = 8000 * 21/20 * 21/20   = Rs.8820   Answer:Rs.8820
<result>E</result>
Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit?