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

Question

Accepted Answer

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

To obtain Rs. 650, investment = Rs.	❨	96	x 650	❩	= Rs. 6240.
		10

Discussion & Comments