Which is better investment, 12% stock at par with an income tax at the rate of 5paise per rupee or 14 2/7 % stock at 120 free from income tax Choose one:
A) 12%	B) 142/7 %	C) Both are qually good	D) cannot compared	E) none of these
Let the investment in each (100*120)   Income in first case = (12/100*100*120)= 
<gadget id="calculator">(12/100*100*120)</gadget>
<output>1_440</output>
1440   Net income=(1440-5/100*1440)= 
<gadget id="calculator">(1440-5/100*1440)</gadget>
<output>1_368</output>
1368   Income in second case=((100/2*20)*100*120)=1428.57   Clearly, 14 2/7 % stock at 120 is better   ANSWER 142/7 %
<result>B</result>
Which is better investment, 12% stock at par with an income tax at the rate of 5paise per rupee or 14 2/7 % stock at 120 free from income tax