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

Rs. 145
Rs. 245.1
Rs. 96
Rs. 75

Correct Answer: Rs. 96

Explanation:

Michel earns Rs. 135 by investing Rs. 1620
To earn Rs. 8 how much he have to invest...?

= (8 x 1620)/135 = Rs. 96

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