By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

Answer: Option B

To earn Rs. 135, investment = Rs. 1620
To earn Rs. 8,
investment =
$$\text{Rs}\text{.}\left(\frac{1620}{135}\times 8\right)=\text{Rs}\text{.}96$$
∴ Market value of Rs. 100 stock = Rs. 96