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Prateek Asked :

13-01-2022 Stocks and Shares

Q. By investing in 16(2/3)% stock at 64, one earns Rs. 1500. The investment made is:

A. Rs. 5640
B. Rs. 5760
C. Rs. 7500
D. Rs. 9600


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Dapzoi Verified
Commented on 2022-01-15 11:10:44 (IST)
Answer: Option B

 

Explanation:

To earn Rs. 50/3 , investment = Rs. 64.

To earn Rs. 1500, investment = Rs. (64 x 3/50 x 1500) = Rs. 5760.