By investing Rs 1620 in 8 stock Michael earns Rs 135...

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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: Option B

Solution(By Examveda Team)

To earn Rs. 135, investment = Rs. 1620
To earn Rs. 8,
investment =
$${\text{Rs}}{\text{.}}\left( {\frac{{1620}}{{135}} \times 8} \right) = {\text{Rs}}{\text{.}}\,96$$
∴ Market value of Rs. 100 stock = Rs. 96

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