Shohaib placed Rs. 8000 in a fixed deposit scheme for 2 years with an annual compound interest rate of 5%. What will be the total amount received by Shohaib at the end of the tenure?

Explanation

Calculating the maturity amount using compound interest formula: Amount = 8000 * (1 + 5/100)^2 = 8000 * (21/20) * (21/20) = Rs. 8820. Since Rs. 8820 is not listed among the options A to D, the correct choice is 'None of the above'.