To earn Rs. 650 from a 10% stock at Rs. 96, one needs make the following investment:
A. Rs. 3100
B. Rs. 6240
C. Rs. 6500
D. Rs. 9600
Answer:B
To earn Rs. 650 from a 10% stock at Rs. 96, one needs make the following investment:
A. Rs. 3100 B. Rs. 6240 C. Rs. 6500 D. Rs. 9600
Explanation: To get Rs. 10, you'll need to invest Rs. 96.Investment = Rs. 96/10 x 650 = Rs. 6240 to gain Rs. 650.