Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?  Choose the correct answer.
A) 81000  B) 29899  C) 26798  D) 27799  E) 27781
64000* 9/8 * 9/8 = 81000.81000nswer: 81000
<result>A</result>
Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?