In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of :
Choose one
A) Rs. 3100 B) Rs. 6240 C) Rs. 6500 D) Rs. 9600 E) None of these
Solution   To obtain Rs. 10, investment = Rs. 96.   To obtain Rs. 650, investment = Rs (96/10x650) =rs.6240   Answer Rs. 6240
<result>B</result>
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of :