Question

By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
A.Rs. 80
B.Rs. 96
C.Rs. 106
D.Rs. 108

Answer 1

______✨ HEY MATE______

➡️Option (B) is the right answer ✔️
➡️Solution shown in the Attachment ⤴️

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Answer 2

Hey mate ^_^

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Answer:
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To earn Rs. 135, investment = Rs. 1620

To earn Rs. 8, investment

$= \frac{1620}{135} \times 8$

$= Rs. 96$

Market value of Rs. 100 stock = Rs. 96.

Therefore,

Correct option B) Rs. 96

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