57.A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is
A. 7.5% B. 8%
C. 9.7% D. None of these
Answer:
By investing Rs. 1552, income = Rs. 128.
By investing Rs. 97, income = Rs (128/1552 x 97)
= Rs. 8.
Therefore, Dividend = 8%.
