A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
7.5%
8%
9.7%
None of these
Explanation:
By investing Rs. 1552, income = Rs. 128.
| By investing Rs. 97, income = Rs.$ \left(\dfrac{128}{1552} \times 97\right) $= Rs. 8. |
$\therefore$ Dividend = 8%