In order to obtain an income of Rs. 3800 from 70% stock at Rs. 280, one must make an investment of  Choices:	A) Rs.16000	B) Rs.15000	C) Rs.15250	D) Rs.15200	E) Rs.15300
Explanation :   Market Value = Rs. 280   Required Income = Rs. 3800.   Here face value is not given. Take face value as Rs.100 if it is not given in the question   To obtain Rs.70 (ie,70% of the face value 100), investment = Rs.280   To obtain Rs.3800, investment = 280/70Ã—3800=Rs.15200   Answer : Option Rs.15200
<result>D</result>
In order to obtain an income of Rs. 3800 from 70% stock at Rs. 280, one must make an investment of