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1. By investing in $16 \frac{2}{3}$ % stock at 64, one earns Rs. 1500. The investment made is:

A. Rs. 5640

B. Rs. 5760

C. Rs. 7500

D. Rs. 9600

Solution:

To earn Rs.

\frac{50}{3},

investment = Rs. 64
To earn Rs. 1500,
investment =

\begin{aligned} R s . (64 \times \frac{3}{50} \times 1500) \\ = R s . 5760 \end{aligned}

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