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Q: By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at ?

  • 1
    Rs. 145
  • 2
    Rs. 245.1
  • 3
    Rs. 96
  • 4
    Rs. 75
  • Show Answer
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Answer : 3. "Rs. 96"
Explanation :

Answer: C) Rs. 96 Explanation: Michel earns Rs. 135 by investing Rs. 1620To earn Rs. 8 how much he have to invest...? = (8 x 1620)/135 = Rs. 96

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