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Aptitude · Q22

Stocks And Shares

Competitive Exams · Aptitude · question 22

Q22

A man invests in a 16% stock at 128. The interest obtained by him is ?

A.
8%
B.
12%
C.
12.5%
Answer
D.
16%

Answer: Option C

Solution

Answer: Option C
Solution:
By investing Rs. 128, income derived = Rs. 16
By investing Rs. 100, income derived
= Rs.  
= Rs. 12.5
∴ Interest obtained = 12.5%