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Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit ?5
Q: Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit ?
- 1Rs. 8840false
- 2Rs. 8800false
- 3Rs. 8810false
- 4Nonetrue
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Answer : 4. "None"
Explanation :
Answer: D) None Explanation: Amount = 80001+51002 = 8000 x 21/20 x 21/20 = Rs. 8820