Every year an amount increases by 1/8th of itself. How much will it be after tw

Question

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?

Options:

A . Rs.81000

B . Rs.80000

C . Rs.75000

D . Rs.64000

Answer: Option A

64000*
9/8 * 9/8 = 81000

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