In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of: Options: A . &nbspRs. 3100 B . &nbspRs. 6240 C . &nbspRs. 6500 D . &nbspRs. 9600

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

Question

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

Options:

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. \(\left(\frac{96}{10}\times650\right) = Rs. 6240.\)

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