Albert invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit ?
Choices:
A) Rs.8600 B) Rs.8620 C) Rs.8840 D) Rs.8820 E) None
Solution   Amount	=Rs.[8000x(1+5/100)²]   = Rs.   [8000 x 21/20x21/20]   = Rs.8820.   Answer Rs.8820
<result>D</result>
Albert invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit ?