53. 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
To obtain Rs.10, investment = Rs. 96.
To obtain Rs. 650, investment = Rs.(96/10 x 650)
= Rs. 6240.
