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?
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By: guest on 01 Jun 2017 05.46 pm
Amount = Rs. 8000 x 1 + 5 2 100 = Rs. 8000 x 21 x 21 20 20 = Rs. 8820.