By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

1.

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

Explanation:

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

To earn Rs. 8, investment = Rs.		1620	x 8		= Rs. 96.
		135

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

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