Albert invested an amount of ₹ $8000$ in a fixed deposit scheme for $2$ years at compound interest rate of $5 \%$ per annum. How much amount (In ₹) will Albert get on maturity of the fixed deposit?
Albert invested an amount of ₹ $8000$ in a fixed deposit scheme for $2$ years at compound interest rate of $5 \%$ per annum. How much amount (In ₹) will Albert get on maturity of the fixed deposit?
- A
$8600$
- B
$8620$
- C
$8800$
- D
$8820$
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