A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is___________?
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is___________?
A. 7.50%
B. 8%
C. 9.70%
D. None of these.
By investing Rs. 1552, income = Rs. 128. By investing Rs. 97, income = Rs.( 128/1552 X 97 ) = Rs. 8. So Dividend = 8%