A man invests in a 16% stock at 128. The interest obtained by him is ?
A man invests in a 16% stock at 128. The interest obtained by him is ? Correct Answer 12.5%
By investing Rs. 128, income derived = Rs. 16By investing Rs. 100, income derived
= Rs. $$\left( {\frac{{16}}{{128}} \times 100} \right)$$
= Rs. 12.5
∴ Interest obtained = 12.5%