Kapil Pandey invests in a 20% stock at 180. The interest obtain by him is?

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19 Jan 2021 Investment

Kapil Pandey invests in a 20% stock at 180. The interest obtain by him is?

OPtion

1) 8%
2) 8.5%
3) 12.5%
4) 12%
5) 10.5%
6) 11.5%
7) 11.11%
8) 13%
9) 13.5%
10) None of the above

Solution

By investing Rs. 180, income derived = Rs. 20
By investing Rs. 100, income derived = Rs. (20/180 x 100) = Rs. 11.11
Interest Obtain = 11.11%

Correct Option: 7 Best Solution (2)