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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 = Rs. 9610 × 650 = Rs. 6240.
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