Maturity of the fixed deposit


Albert invested the amount of Rs. 8000 in fixed deposit scheme for 2 years at the compound interest rate 5 p.c.p.a. How much amount will Albert get upon maturity of the fixed deposit?

A. Rs. 8600

B. Rs. 8620

C. Rs. 8820

D. None of these

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Mathematics: Maturity of the fixed deposit
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