34.
|
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.
