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Q.

Pavan invested $₹ 1, 552$ in a stock at 97 to obtain an income of $₹ 128$ . The dividend from the stock is

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a

$6 %$

b

$8 %$

c

$5 %$

d

$10 %$

answer is B.

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Detailed Solution

Invested in stock $= ₹ 1552$

Income $= ₹ 128$

$∴$ Income, when invested $₹ 97 = \frac{128}{1552} \times 97 = ₹ 8$

Hence, dividend $= 8 %$

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Pavan invested ₹1,552 in a stock at 97 to obtain an income of ₹128. The dividend from the stock is