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A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
Answer & Solution
Correct Answer:
Option
B
$$\eqalign{
& {\text{By}}\,{\text{investing}}\,{\text{Rs}}{\text{.}}\,{\text{1552,}} \cr
& {\text{income}} = Rs.\,128. \cr
& {\text{By}}\,{\text{investing}}\,Rs.\,97, \cr
& {\text{income}} = Rs.\,\left( {\frac{{128}}{{1552}} \times 97} \right) \cr
& = Rs.\,8 \cr
& \therefore {\text{Dividend}} = 8\% \cr} $$
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