Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.65000? Choose the correct choice from the following:
A) 81000	B) 81007	C) 81008	D) 81066	E) 82265.6
65000* 9/8 * 9/8 = 82265.6   Answer:82265.6
<result>E</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.65000?