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Q1
:
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
A
8%
B
7.5%
C
None of these
D
9.7%
Solution
ANS:
B
- 8%
By investing Rs. 1552, income = Rs. 128.
By investing Rs. 97, income = Rs.
128
x 97
= Rs. 8.
1552
Dividend = 8%
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