58. In prder to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
A.Rs. 6500 B.Rs. 3100
C.Rs. 9600 D.Rs. 6240
Answer: Rs. 6240
Explanation: To get Rs. 10, investment = Rs. 96
To get Rs. 650, investment = Rs.(96/10) x 650 = Rs. 6240.
