Albert invested amount of 12000 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	Pick one
A) Rs. 8510  B) Rs. 8620  C) Rs. 8730  D) Rs. 13230  E) None of these
Explanation:   =&gt;(12000×(1+5/100)2)   =&gt;12000×21/20×21/20   =&gt;13230   Option Rs. 13230
<result>D</result>
Albert invested amount of 12000 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