Mathematics
NULL
Medium
Question
An amount increases by 1/8 of itself every year. If it is now Rs.64000, what will it be after two years?
A
Rs.81000
✓ Official correct answer
B
Rs.80000
C
Rs.75000
D
Rs.64000
Community credibility
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A
Rs.81000
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B
Rs.80000
No member explanations yet for this option.
C
Rs.75000
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D
Rs.64000
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Explanation
Each year multiply by 9/8. After 2 years: 64000 × (9/8)² = Rs.81000.