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

A. 8%

B. 12%

C. 12.5%

D. 16%

Solution:

By investing Rs. 128, income derived = Rs. 16
By investing Rs. 100, income derived
= Rs.

(\frac{16}{128} \times 100)

= Rs. 12.5
∴ Interest obtained = 12.5%

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