9.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
|
x 650
|
|
= Rs. 6240
|
10
|
