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A man invests in a 16% stock at 128. The interest obtained by him is :

Rs. 8%
Rs. 12%
Rs. 12.5%
Rs. 16%

Correct Answer: Rs. 12.5%

Explanation:

By investing Rs 128, income derived = Rs. 16

By investing Rs. 100, income derived =Rs. (16/128*100) = Rs.12.5

Interest obtained = 12.5%

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