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Discussion :: Stocks and Shares

  1. In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:

  2. A.

    Rs. 3100

    B.

    Rs. 6240

    C.

    Rs. 6500

    D.

    Rs. 9600

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    Answer : Option B

    Explanation :

    To obtain Rs. 10, investment = Rs. 96.

     

    To obtain Rs. 650, investment = Rs\([\frac { 96 } { 10 } *650]\)= Rs. 6240.

     


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