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QIn order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:

ID: #19291 Stocks and Shares 80 views

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A Rs. 3100 ✔ ✖
B Rs. 6240 ✔ ✖
C Rs. 6500 ✔ ✖
D Rs. 9600 ✔ ✖

Correct Answer: Option B

Explanation

Solution:

To obtain Rs. 10, investment = Rs. 96.
To obtain Rs. 650,

\begin{aligned} investment = R s . (\frac{96}{10} \times 650) \\ = R s . 6240 \end{aligned}

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

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