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Q1
:
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
A
Rs. 6500
B
Rs. 9600
C
Rs. 6240
D
Rs. 3100
Solution
ANS:
B
- Rs. 6240
To obtain Rs. 10, investment = Rs. 96.
To obtain Rs. 650, investment = Rs.
96
x 650
= Rs. 6240.
10
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