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?  Choose the correct option:
A) 8840
B) 2776
C) 2998
D) 2662
E) 8820

Rationale: "amount = [ 8000 * ( 1 + 5 / 100 ) 2 ] = 8000 * 21 / 20 * 21 / 20 = rs . 8820 answer : e"
Answer: E