By investing in 16% stock at 64, one earns Rs. 1500. The investment made is:
Rs. 5760
Rs. 7760
Rs. 8760
Rs. 9760
Explanation:
To earn $Rs. \dfrac{50}{3},investment $
= Rs.64
To earn Rs. 1500, investment =$Rs.\left(64\times\dfrac{3}{50}\times1500\right)$
=Rs.5760