By investing Rs. 1620 in $8$ % stock, Michael earns Rs. 135. The stock is then quoted at:

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106

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108

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Solution

The correct option is B
96

To earn Rs. 135, investment = Rs. 1620.

To earn Rs. 8, investment $= R s . (\frac{1620}{135} \times 8)$ = Rs.96.

$∴$ Market value of Rs. 100 stock = Rs. 96.

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By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

The correct option is B 96 To earn Rs. 135, investment = Rs. 1620. To earn Rs. 8, investment =Rs.(1620135×8) = Rs.96. ∴ Market value of Rs. 100 stock = Rs. 96.

By investing Rs. 1620 in $8$ % stock, Michael earns Rs. 135. The stock is then quoted at:

The correct option is B
96

To earn Rs. 135, investment = Rs. 1620.

To earn Rs. 8, investment $= R s . (\frac{1620}{135} \times 8)$ = Rs.96.

$∴$ Market value of Rs. 100 stock = Rs. 96.