Albert invested amount of 4000 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 choice from the following:	A) Rs. 8510	B) Rs. 8620	C) Rs. 4410	D) Rs. 8820	E) None of these
Explanation:   =&gt;(4000×(1+5/100)2)   =&gt;4000×21/20×21/20   =&gt;4410   Option Rs. 4410
<result>C</result>
Albert invested amount of 4000 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