A man invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest of 5% per annum. How much amount will Albert get on maturity of the fixed deposit ? Choose one: A) Rs.8600 B) Rs.8620 C) Rs.8820 D) Rs. 8840 E) Rs. 8940
Amount = 8000 *1+(5/100)2   = 8000 *21/20 * 21/20   = Rs.8820   ANSWER:Rs.8820
<result>C</result>
A man invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest of 5% per annum. How much amount will Albert get on maturity of the fixed deposit ?