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

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

[A].

Rs. 3100

[B].

Rs. 6240

[C].

Rs. 6500

[D].

Rs. 9600

Answer: Option B

Explanation:

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

To obtain Rs. 650, investment = Rs. 96 x 650 = Rs. 6240.
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