Question

By investing in $16\frac{2}{3}\%$ stock at 64, one earns Rs. 1500. The investment made is:

• A. Rs. 5640
• B. Rs. 7500
• C. Rs. 9600
• D. Rs. 5760

Answer 1

The correct option is D

Rs. 5760

To earn Rs.$\frac{50}{3}$,investment = Rs. 64.

To earn Rs. 1500, investment = $Rs.(64\times \frac{3}{50}\times 1500)=Rs.5760.$