3.A man invests in a 16% stock at 128. The interest obtained by him is
A. 8%
B. 12%
C. 12.5%
D. 16%
Answer:
Option : C
By investing Rs.128, income derived= Rs.16.
By investing Rs.100, income derived
|
= Rs.
|
|
16
|
x 100
|
|
= Rs. 12.5
|
100
|
Interest obtained = 12.5%.
