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What is the correct answer?
4
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
Correct Answer :
B. Rs. 6240
To obtain Rs. 10, investment = Rs. 96.
To obtain Rs. 650, investment =
R
s
.
96
10
×
650
=
R
s
.
6240
.
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