In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of	Choose the correct choice from the following choices.
A) 3100  B) 6220  C) 6210  D) 6240  E) 6670
Market Value = Rs. 96.   Required Income = Rs. 650.   Here face value is not given. Take face value as Rs.100 if it is not given in the question   To obtain Rs.10 (ie,10% of the face value 100), investment = Rs.96   To obtain Rs.650, investment = 96/10×650=6240   Answer is 6240.
<result>D</result>
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of