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

Option :

Answer:Option 1

Explanation:

Solution:
ToearnRs.135,investment=Rs.1620.ToearnRs.8,investment=Rs.(1620135×8)=Rs.96.MarketvalueofRs.100stock=Rs.96.

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