By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at ?
A) Rs. 145
B) Rs. 245.1
C) Rs. 96
D) Rs. 75
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By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at ?
A) Rs. 145
B) Rs. 245.1
C) Rs. 96
D) Rs. 75
To earn Rs. 135, investment = Rs. 1620.
To earn Rs. 8, investment =Rs.1620135×8= Rs. 96.
Market value of Rs. 100 stock = Rs. 96.
A) Rs. 145
B) Rs. 245.1
C) Rs. 96
D) Rs. 75
To earn Rs. 135, investment = Rs. 1620.
To earn Rs. 8, investment =Rs.1620135×8= Rs. 96.
Market value of Rs. 100 stock = Rs. 96.
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