Suppose Rs.1,000 is deposited into a savings account that earns Compounded interest at a rate of 5%. How much will be in the account after 2 years if the interest is compounded annually?

(A) Rs.1102.5
(B) Rs.1110.5
(C) Rs.1112.5
(D) Rs.1120.5
(E) Rs.1122.5