Answer

Verified

449.4k+ views

Hint: This problem can be solved by using simple math applications of dividend rule. Whenever we have given investment in \[x\% \]stock, this states that the market value for Rs.100 is Rs. \[x\]

Given,

Investment by Michael in stock = Rs.1620

Then he earns in stock = Rs.135

All this investment is done in 8% stock. This means we have to find the investment by Michael to earn Rs.8. for the market value of Rs.100.

So, \[{\text{investment per Rs}}{\text{.100 = }}\dfrac{{{\text{investment in stock}}}}{{{\text{earned in stock}}}} \times {\text{ to earn in stock for Rs}}{\text{.100}}\]

i.e., \[{\text{investment = }}\dfrac{{1620}}{{135}} \times 8 = 96\]

Therefore, Market value of Rs.100 in stock = Rs.96

Thus, the correct answer is B. Rs.96

Note: This type of problem is coming under stock and shares – Aptitude questions. Most of the students get confused in percentage in stock. In this problem Michael has earned in stock. Some will ask to calculate the lost money or crossed money investment in stock. Then also we have to apply the same method.

Given,

Investment by Michael in stock = Rs.1620

Then he earns in stock = Rs.135

All this investment is done in 8% stock. This means we have to find the investment by Michael to earn Rs.8. for the market value of Rs.100.

So, \[{\text{investment per Rs}}{\text{.100 = }}\dfrac{{{\text{investment in stock}}}}{{{\text{earned in stock}}}} \times {\text{ to earn in stock for Rs}}{\text{.100}}\]

i.e., \[{\text{investment = }}\dfrac{{1620}}{{135}} \times 8 = 96\]

Therefore, Market value of Rs.100 in stock = Rs.96

Thus, the correct answer is B. Rs.96

Note: This type of problem is coming under stock and shares – Aptitude questions. Most of the students get confused in percentage in stock. In this problem Michael has earned in stock. Some will ask to calculate the lost money or crossed money investment in stock. Then also we have to apply the same method.

Recently Updated Pages

How many sigma and pi bonds are present in HCequiv class 11 chemistry CBSE

Why Are Noble Gases NonReactive class 11 chemistry CBSE

Let X and Y be the sets of all positive divisors of class 11 maths CBSE

Let x and y be 2 real numbers which satisfy the equations class 11 maths CBSE

Let x 4log 2sqrt 9k 1 + 7 and y dfrac132log 2sqrt5 class 11 maths CBSE

Let x22ax+b20 and x22bx+a20 be two equations Then the class 11 maths CBSE

Trending doubts

Which are the Top 10 Largest Countries of the World?

Fill the blanks with the suitable prepositions 1 The class 9 english CBSE

How many crores make 10 million class 7 maths CBSE

Difference Between Plant Cell and Animal Cell

Difference between Prokaryotic cell and Eukaryotic class 11 biology CBSE

Give 10 examples for herbs , shrubs , climbers , creepers

Write a letter to the principal requesting him to grant class 10 english CBSE

Differentiate between homogeneous and heterogeneous class 12 chemistry CBSE

Fill the blanks with proper collective nouns 1 A of class 10 english CBSE