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

  • (A) Rs. 8600
  • (B) Rs. 8620
  • (C) Rs. 8820
  • (D) None of these
βœ… Correct Answer: (C) Rs. 8820

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