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

This question belongs to Arithmetic Ability Stocks And Shares
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By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

Answer & Solution
Correct Answer: Option B
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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