What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?

A. Rs.9630
B. Rs.9680
C. Rs.9610
D. Rs.9650
E. None of these

Explanation:

A= P{1 + R/100}ⁿ

=> 8000{1 + 10/100}²² = Rs.9680