Mathematics
NULL
Medium
Question
A man invests in a 16% stock at 128. What interest does he obtain?
A
16%
B
12.5%
✓ Official correct answer
C
8%
D
12%
Community credibility
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A
16%
No member explanations yet for this option.
B
12.5%
No member explanations yet for this option.
C
8%
No member explanations yet for this option.
D
12%
No member explanations yet for this option.
Explanation
Interest rate on money = 16/128 = 12.5%.