1) A man invests in a 16% stock at 150. The interest obtained by him is A) 10 B) 11 C) 10.67 D) 10.5 E) 10.75 Answer: Option CExplanation:By investing Rs. 150, income derived = Rs. 16 By investing Rs. 100, income derived = Rs. (16/ 150) X 100= 10.67 Interest obtained = 10.67 %
