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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:
Answer & Solution
Correct Answer:
Option
B
To obtain Rs. 10, investment = Rs. 96.
To obtain Rs. 650,
$$\eqalign{ & \text{investment} = Rs.\,\left( {\frac{{96}}{{10}} \times 650} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,6240 \cr} $$
To obtain Rs. 650,
$$\eqalign{ & \text{investment} = Rs.\,\left( {\frac{{96}}{{10}} \times 650} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,6240 \cr} $$
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