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
Rs. 6240
Rs. 6500
Rs. 9600
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
[A].
[B].
[C].
[D].
Answer: Option B
Explanation:
To obtain Rs. 10, investment = Rs. 96.
| To obtain Rs. 650, investment = Rs. | 96 | x 650 | = Rs. 6240. | ||
| 10 |