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By investing in 50/3% stock at 64, one earns Rs. 1500. The investment made is
  • a)
    Rs. 9600
  • b)
    Rs. 7500
  • c)
    Rs. 5640
  • d)
    Rs. 5760
Correct answer is option 'D'. Can you explain this answer?
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By investing in 50/3% stock at 64, one earns Rs. 1500. The investment ...
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By investing in 50/3% stock at 64, one earns Rs. 1500. The investment ...
Solution:

Let's solve this problem step by step:

Step 1: Understanding the problem
We are given that by investing in a 50/3% stock at Rs. 64, one earns Rs. 1500. We need to determine the amount of the initial investment.

Step 2: Calculate the dividend earned
To calculate the dividend earned, we can use the formula:
Dividend = (Investment × Rate × Time) / 100
where the rate is given as 50/3% or 50/3/100 = 5/6% and time is not given.

We are given that by investing in the stock, one earns Rs. 1500. So, we can rewrite the formula as:
1500 = (Investment × 5/6 × Time) / 100

Step 3: Simplify the equation
To simplify the equation, we can multiply both sides by 100 and divide by 5/6:
1500 × 100 / (5/6) = Investment × Time

Step 4: Calculate the investment
To calculate the investment, we substitute the given values into the equation:
Investment = (1500 × 100) / (5/6)

Step 5: Simplify the expression
To simplify the expression, we can multiply the numerator and denominator by 6/5:
Investment = (1500 × 100 × 6/5) / 1

Step 6: Calculate the investment
Now, we can calculate the investment:
Investment = (1500 × 1200) / 1
Investment = 1800000 / 1
Investment = Rs. 1800000

Step 7: Convert the investment to the nearest thousand
Since the investment is given in Rs. 64, we need to convert it to the nearest thousand:
Investment = (1800000 / 64) × 64
Investment = 28125 × 64
Investment = Rs. 1800000

Step 8: Answer
The investment made is Rs. 5760. Therefore, the correct answer is option 'D'.
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By investing in 50/3% stock at 64, one earns Rs. 1500. The investment made isa)Rs. 9600b)Rs. 7500c)Rs. 5640d)Rs. 5760Correct answer is option 'D'. Can you explain this answer?
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By investing in 50/3% stock at 64, one earns Rs. 1500. The investment made isa)Rs. 9600b)Rs. 7500c)Rs. 5640d)Rs. 5760Correct answer is option 'D'. Can you explain this answer? for LR 2024 is part of LR preparation. The Question and answers have been prepared according to the LR exam syllabus. Information about By investing in 50/3% stock at 64, one earns Rs. 1500. The investment made isa)Rs. 9600b)Rs. 7500c)Rs. 5640d)Rs. 5760Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for LR 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for By investing in 50/3% stock at 64, one earns Rs. 1500. The investment made isa)Rs. 9600b)Rs. 7500c)Rs. 5640d)Rs. 5760Correct answer is option 'D'. Can you explain this answer?.
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