By investing Rs. 1620 in 8% stock,Michael earns Rs. 135.The stock is then quoted at :  Choose the correct choice from the following choices:
A) Rs. 80 B) Rs. 96 C) Rs. 106 D) Rs. 108 E) Rs. 109
Solution   To earn Rs. 135, investment = Rs. 1620.   To earn Rs. 8, investment = Rs. (1620/135X8)= Rs. 96.   ∴ Market value of Rs. 100 stock = Rs. 96.   Answer Rs. 96
<result>B</result>
By investing Rs. 1620 in 8% stock,Michael earns Rs. 135.The stock is then quoted at :