8.A invested some money in 10% stock at 96. If B wants to invest in an equality good 12% stock, he must purchase a stock worth of
A. Rs. 50 B. Rs. 50
C. Rs. 115.20 D. Rs. 125.40
Answer:
For an income of Rs. 10, investments= Rs. 96.
For an income of Rs. 12, investments= Rs. (96/10 x 12)= Rs. 115.20.
