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

1Rs. 80
2Rs. 96
3Rs. 106
4Rs. 108

Answer:- 1

Explanation:-

Solution:

\begin{aligned} To earn Rs . 135,investment = R s . 1620. \\ To earn Rs . 8, investment = \\ R s . (\frac{1620}{135} \times 8) = R s . 96. \\ ∴ Market value of Rs . 100 stock \\ = R s . 96. \end{aligned}

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

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", "dateCreated": "7/24/2019 10:09:12 AM", "author": { "@type": "Person", "name": "Nitin Sir" } }, "suggestedAnswer": { "@type": "Answer", "text": "

Solution:

\begin{aligned} To earn Rs . 135,investment = R s . 1620. \\ To earn Rs . 8, investment = \\ R s . (\frac{1620}{135} \times 8) = R s . 96. \\ ∴ Market value of Rs . 100 stock \\ = R s . 96. \end{aligned}

$\eqalign{ & {\text{To}}\,{\text{earn}}\,{\text{Rs}}{\text{.}}\,{\text{135,investment}} = Rs.\,1620. \cr & {\text{To}}\,{\text{earn}}\,{\text{Rs}}{\text{.}}\,{\text{8,}}\,{\text{investment}} = \cr & Rs.\,\left( {\frac{{1620}}{{135}} \times 8} \right) = Rs.\,96. \cr & \therefore {\text{Market}}\,{\text{value}}\,{\text{of}}\,{\text{Rs}}{\text{.}}\,{\text{100}}\,{\text{stock}} \cr & = Rs.\,96. \cr}$ ", "dateCreated": "7/24/2019 10:09:12 AM" } }

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