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? Select:
A) 8820  B) 8828  C) 8628  D) 8891  E) 8812
Amount = [8000 * (1 + 5/100)2]   = 8000 * 21/20 * 21/20   = Rs.8820   Answer: 8628
<result>C</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?