Q. 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%
