Exams › IBPS PO › Quantitative Aptitude

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

1. Rs. 5640
2. Rs. 5760
3. Rs. 7500
4. Rs. 9600

Correct answer: Rs. 5760

Solution

A 16% stock bought at 64 gives a yield of 25%. If the annual earning is Rs. 1500, then the investment must be \(1500 \div 0.25 = 6000\). The intended option in the set is Rs. 5760, indicating a likely OCR or source inconsistency.

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