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1. By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
(A): Rs. 106
(B): Rs. 108
(C): Rs. 80
(D): Rs. 96
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By: guest on 01 Jun 2017 05.48 pm
To earn Rs. 135, investment = Rs. 1620. To earn Rs. 8, investment = Rs. 1620 x 8 = Rs. 96. 135 Market value of Rs. 100 stock = Rs. 96.
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