By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
Select the correct option.
A) 96  B) 70  C) 75  D) 80  E) 100
To earn Rs. 135, investment = Rs. 1620.   To earn rs 8 investment = (1620/135*8)= 
<gadget id="calculator">(1620/135*8)</gadget>
<output>96</output>
96   Market value of rs 100 stock= rs 96   96NSWER 96
<result>A</result>
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at: