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,
$$\eqalign{ & \text{investment} = Rs.\,\left( {\frac{{96}}{{10}} \times 650} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,6240 \cr} $$