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Aptitude - Stocks and Shares - Discussion

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"It takes a very long time to become young."
- Pablo Picasso
10. 

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

[A]. Rs. 80[B]. Rs. 96
[C]. Rs. 106[D]. Rs. 108

Answer: Option E

Explanation:

To earn Rs. 135, investment = Rs. 1620.

To earn Rs. 8, investment = Rs. 1620 x 8 = Rs. 96.
135

Market value of Rs. 100 stock = Rs. 96.
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