By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
Choose the correct option
A) 25  B) 96  C) 22  D) 76  E) 11
Explanation:   To earn Rs. 135, investment = Rs. 1620.   To earn Rs. 8, investment == Rs. 96.   Market value of Rs. 100 stock = Rs. 96.   Answer: 96) 96
<result>B</result>
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at: