Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.62000?  Select the correct option.
A) 81000	B) 78468.75	C) 81008	D) 81066	E) 81022
62000* 9/8 * 9/8= 
<gadget id="calculator">62000* 9/8 * 9/8</gadget>
<output>313_875/4 = around 78_468.75</output>
78468.75   Answer:78468.75
<result>B</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.62000?