Join ExamsbookAnswer : 3. "Rs. 96"
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at ?5
Q: By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at ?
- 1Rs. 145false
- 2Rs. 245.1false
- 3Rs. 96true
- 4Rs. 75false
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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