Give a quick stream of consciousness before answering the following 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
(E) Rs.68000
64000* 9/8 * 9/8 = 81000
The answer: (A).