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
Answer: Option B
Solution(By Examveda Team)
To obtain Rs. 10, investment = Rs. 96.To obtain Rs. 650,
$$\eqalign{ & \text{investment} = Rs.\,\left( {\frac{{96}}{{10}} \times 650} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,6240 \cr} $$
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Related Questions on Stocks and Shares
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
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B. $$13\frac{1}{2}$$ %
C. 15%
D. $$16\frac{2}{3}$$ %
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A. 11% stock at 143
B. $$9\frac{3}{4}$$% stock at 117
C. Both are equally good
D. Cannot be compared, as the total amount of investment is not given.
A. Rs. 12
B. Rs. 15
C. Rs. 18
D. Rs. 21
Can you explain it with formula or any exceptions approach 🤔?
Any explanation