Albert invested an amount of $8000 in a fixed deposit 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 answers:  A) $8100  B) $8820  C) $8800  D) $8810  E) $8825
Amount = 8000 x (1 + 5/100)^2)   = 8000 x 21/20 x 21/20   =8820.   Answer $8820)$8820
<result>B</result>
Albert invested an amount of $8000 in a fixed deposit scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit?