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 choices:
A) 8840
B) 2776
C) 2998
D) 2662
E) 8820
Amount = [8000 * (1 + 5/100)2]   = 8000 * 21/20 * 21/20   = Rs. 8820   Answer: 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?