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By investing in 16% stock at 64, one earns Rs. 1500. The investment made is:

/ Aptitude, Stocks And Shares / By
Question:
By investing in 16% stock at 64, one earns Rs. 1500. The investment made is:

[A].

Rs. 5640

[B].

Rs. 5760

[C].

Rs. 7500

[D].

Rs. 9600

Answer: Option B

Explanation:

To earn Rs. 50 , investment = Rs. 64.
3
To earn Rs. 1500, investment = Rs. 64 x 3 x 1500 = Rs. 5760.
50