Albert invested an amount of Rs.8000 in a fixed deposit scheme for 2 y – McqOptions

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1.	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. 8840
D.	Rs. 8820
Answer» E.

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