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

1.

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

Explanation:

To obtain Rs. 10, investment = Rs. 96.

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

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