Student: In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:\nOptions:\n(A) Rs. 3100\n(B) Rs. 6240\n(C) Rs. 6500\n(D) Rs. 9600\n(E) Rs. 8600.
Another student: Let's say, hmmm...

User
To get Rs. 10, Investment is 96\nTo get Rs. 650, investment is (96/10)*650 = 6240 Final answer: (B).
Assistant