Albert invested amount of 16000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum. How much Albert will get on the maturity of the fixed deposit	Choose the correct option.
A) Rs. 17640
B) Rs. 8620
C) Rs. 8730
D) Rs. 8820
E) None of these
Explanation:   =&gt;(16000×(1+5/100)2)   =&gt;16000×21/20×21/20   =&gt;17640   Option Rs. 17640
<result>A</result>
Albert invested amount of 16000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum. How much Albert will get on the maturity of the fixed deposit