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By investing in 16 frac 2 3 stock at 64 one...

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By investing in $$16\frac{2}{3}$$% stock at 64, one earns Rs. 1500. The investment made is:

Answer & Solution
Correct Answer: Option B
To earn Rs. $$\frac{{50}}{3},$$ investment = Rs. 64
To earn Rs. 1500,
investment =
$$\eqalign{ & Rs.\,\left( {64 \times \frac{3}{{50}} \times 1500} \right) \cr & = Rs.\,5760 \cr} $$
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