Q22
A man invests in a 16% stock at 128. The interest obtained by him is ?
A.
8%
B.
12%
C.
12.5%
AnswerD.
16%
Answer: Option C
Solution
Answer: Option C
Solution:
By investing Rs. 128, income derived = Rs. 16By investing Rs. 100, income derived
= Rs.
= Rs. 12.5
∴ Interest obtained = 12.5%