Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.59000?  Choose the most appropriate option:  A) 81000  B) 81007  C) 74671.875  D) 81066  E) 81022
59000* 9/8 * 9/8= 
<gadget id="calculator">59000* 9/8 * 9/8</gadget>
<output>597_375/8 = around 74_671.875</output>
74671.875   Answer:74671.875
<result>C</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.59000?