Albert invested amount of 8000 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.
A) Rs. 8510  B) Rs. 8620  C) Rs. 8730  D) Rs. 8820  E) None of these
Explanation:   =&gt;(8000×(1+5/100)2)   =&gt;8000×21/20×21/20   =&gt;8820   Option Rs. 8820
<result>D</result>
Albert invested amount of 8000 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